The Board of Directors ("the Board") of Latitude Tree Holdings Berhad wishes to announce that a wholly owned Malaysia subsidiary of the Company, Rhong Khen Timbers Sdn. Bhd. (“RKTSB”) had discovered 2 positive cases of Covid-19 infection among its factory workers thus far and under treatment and quarantine.

RKTSB received an official letter from the Ministry of Health ("MOH") on 18 July 2021 with instructions to temporarily suspend its operations from 18 July till 24 July 2021. We will continue to adhere to Covid-19 preventive SOPs on a stringent basis.  Regular disinfection exercises will be carried out at our premises and workers’ accommodation with all the necessary precautionary measures strictly in place.

Subject to further directive from MOH, RKTSB is expected to resume operations in stages starting from 25 July 2021.

Impact on operations

The temporary suspension of RKTSB’s facility is expected to have minimal impact to the Company as RKTSB supplies mainly to its fellow subsidiary.

Impact on financial performance

The Company does not expect any material impact to its financial performance other than the cost incurred for the Covid-19 test and disinfection cost.

The Board does not expect any material adverse impact on the revenue or the earnings of the Group for the financial year ending 2022.

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