COMPUGATES HOLDINGS BERHAD - REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERHAD DATED 25 JANUARY 2023

We refer to COMPUGT’s announcement dated 20 January 2023 in respect of the aforesaid matter.
                                        

In this connection, kindly furnish Bursa Securities with the following additional information for public release:

1. The principle business activities of CPSB and Compugates Marketing Sdn Bhd (“CMSB”) and the date they commenced the agarwood business;
2. An elaboration on the inoculation, harvesting and distillation processes to be undertaken by CPSB;
3. The size of the agarwood plantation owned by CMSB  and the number of trees planted;
4. The roles and responsibilities of MATMSB as the “technical party” under the Collaboration Agreement;
5. The specific role of KY Loh as the contractor to undertake sales and operations functions of CPSB, the duration of the contract as well as his experiences in the agarwood business;
6. The specific role of TK Yeo as the business agent for agarwood dealing;
7. The principle market for the Oud oil;
8. The tentative timeframe for the agarwood business to generate revenue for COMPUGT Group and the basis; and
9. Whether the Collaboration Agreement will result in the diversification in operations of COMPUGT Group pursuant to Paragraph 10.13 of the Main Market Listing Requirements and the basis and justification thereof.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

Listing

Regulation

cc: Market Surveillance Dept.  Securities Commission (via fax)