The Company wishes to announce that TS Solartech Sdn Bhd (“TSST” or “Defendant”), a 50.69% owned subsidiary of TEK SENG had been served with a Sealed Originating Summons dated 3 May 2019 and original copy of United Renewable Energy Co., Ltd.’s (“Plaintiff”) Affidavit in Support affirmed by Timothy Haosen Wan on 8 May 2019; a copy of the “Notis untuk Menghadiri Pengurusan Kes”;  and an original copy of Plaintiff’s Supplementary Affidavit affirmed by Eddie Chih Wei Chan on 7 May 2019 through a firm of lawyers acting on behalf of the Plaintiff.

The Plaintiff had applied for the following orders and/or reliefs:

1)         a declaration that the merger between Neo Solar Power Energy Corp., Solartech Energy Corp. and Gintech Energy Corporation on 1.10.2018 had carried into effect a transmission of the 97,700,693 ordinary shares in the Defendant (“Company”) currently held in the name of Solartech Energy Corp. (“TS Shares”) to the Plaintiff by operation of law;

2)         an Order that the Company shall rectify its register of members within thirty (30) days from the service of this Order by the deletion of the name of Solartech Energy Corp. and the insertion of the name of the Plaintiff as the registered owner of the ownership of the TS Shares with effective date of 1.10.2018;

3)         an Order that the Company shall cancel the share certificate in the name of Solartech Energy Corp. in respect of the TS Shares, and issue and deliver a new share certificate in the name of the Plaintiff in respect of the TS Shares within 30 days from the service of this Order;

4)         an Order that the Plaintiff be given liberty to apply, including liberty to apply for any further directions on service or consequential relief;

5)         costs of this application to be borne by the Company; and/or.

6)         such further and/or other relief as the Honourable Court deems fit.

That the matter has been fixed for Case Management at the Kuala Lumpur High Court on 17 May 2019 at 9.00 am before Penolong Kanan Pendaftar Puan Nurdiyanah Binti Mohd Nawawi.

The above matter will not have any financial or operational impact on Group.

Further development on the above matter will be announced in due course.

This announcement is dated 16 May 2019.