VIVOCOM INTL HOLDINGS BERHAD AND IT'S SUBSIDIARY COMPANIES ("VIVOCOM" OR THE "GROUP")

We refer to the article appearing in The Edge on Saturday, 3 June 2017, with reference to the progress on Vivocom’s Gateway Klang contract. 

In relation thereto, we wish to clarify that :-

1. As at the date of this announcement, the Group has not received any official letter of termination from China Railway Construction Corporation (“CRCC”) for the Gateway Klang contract.
2. Notwithstanding the above, the Group had temporarily halted work on the contract site while awaiting further instruction from CRCC. The temporary halt was to facilitate on-going discussions between the project owner and CRCC.     
3. The temporary halt of the project is not expected to materially affect the earnings and net assets of Vivocom as Vivocom has other concurrent on-going projects. 
4. The Board of Directors takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcement upon receipt of the official notification from CRCC, if any, on the above matter. 

This announcement is dated 5 June 2017.