Reference is made to the Company’s first announcement dated 19 January 2018 and monthly announcements made (“Announcements”) pursuant to PN17 of the Listing Requirements.

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

The Board of Directors of the Company wishes to inform that, save the extension of time granted by Bursa Securities until 9 December 2020 (which was announced on 9 June 2020), there has been no further material development on the matter since the previous announcement and the Company is in the midst of formulating the Proposed Regularisation Plan with TA Securities.

The Company has until 9 December 2020 to submit its Regularisation Plan to the relevant authorities for approval.

This announcement is dated 03 November  2020.