As announced on 19 November 2020, Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 19 November 2020 approved an extension of time of 6 months until 23 July 2021 to comply with the public security holding spread requirement.

We wish to inform that Bursa Securities has vide its letter dated 1 July 2021 approved a further extension of time of 6 months until 23 January 2022 to comply with the public security holding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements.

Based on the Record of Depositors as at 30 June 2021,  the public security holding spread of LCTH is 24.13%, which is below the minimum public shareholding spread requirement.

The Company had implemented a Dividend Reinvestment Scheme (“DRS”) to address the shortfall in the minimum public spread requirement. The  DRS was applied to the final dividend declared by the Company on 4 March 2021. The public security holding spread following the implementation of the DRS increased to the current level of 24.13% from 23.97% before the implementation of the DRS.

Any further updates on the steps taken to address the Company’s compliance with the public security holding spread requirement will be announced accordingly.

This announcement is dated 2 July 2021