The Board of Directors of SWS wishes to announce that SWS and Nexus has on 9 July 2019 entered into an Option Agreement (“Effective Date”) for Nexus to grant an option to SWS to purchase 3,442,500 ordinary shares in MATA Aerotech held by Nexus at a purchase consideration of RM4,725,000 (“Purchase Price”) representing 51% of the paid-up capital of MATA Aerotech (“Agreement”). The Option (as defined herein) is granted to SWS by Nexus for a consideration of RM200,000 (“Consideration”) which shall be utilised as part payment of the Purchase Price in the event SWS exercises the Option.

Please refer to the attached file for full text of the announcement.

This announcement is dated 09 July 2019.