We refer to our first announcement dated 29 January 2021 in relation to the Company triggering the prescribed criteria pursuant to Paragraph 8.03A 2(a)(aa) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”) and the subsequent monthly announcements dated 1 March 2021, 1 April 2021, 3 May 2021 and 1 June 2021.

In compliance with the Company's obligations under the Listing Requirements, the Board of Directors wishes to inform: -

(i)         that there is no material development on the status; and

(ii)        that the Company has approximately 19 months to submit its regularisation plan to the relevant authorities for approval.

Further announcements will be made to Bursa Securities pertaining to any latest development in accordance with the requirements under Paragraph 8.03A of the Listing Requirements.

This announcement is dated 1 July 2021.