We refer to the Company’s announcement made on 17 May 2019 (“Announcement”). In the said Announcement, the Company was classified as an affected listed issuer (“PN17 Company”) as it has triggered Paragraphs 2.1(a), 2.1(e) and 2.1(f) of PN17 of Main Market Listing Requirements (“Listing Requirements”).

We wish to clarify that the Company did not trigger Paragraphs 2.1(a) and 2.1(e) of PN17 of the Listing Requirements. The Company is being classified as a PN17 Company pursuant to the Paragraph 2.1(f) only as the Company had received a notice of demand dated 17 May 2019 from Export-Import Bank of Malaysia Berhad due to a breach of terms in its facility agreement for failing to make instalment payments pursuant to Paragraph 9.19A of the Listing Requirements and the Company is unable to provide a solvency declaration to Bursa Malaysia Securities Berhad.

This announcement is dated 21 May 2019.