Reference is made to the Company’s announcement on 16 October 2018.

The Company wishes to announce that HCM Engineering Sdn Bhd (“HCM”), a subsidiary of the Company has on 29 October 2018, filed Notice of Appeal to Court of Appeal against the following decisions of the High Court: -

1. The decision of the High Court of Malaya at Kuala Lumpur dismissing the Originating Summons filed by HCM to set aside the Adjudication Decision dated 4 July 2018 obtained by the Respondent, Kuasatek (M) Sdn Bhd (“Kuasatek”) with costs;
2. The decision of the High Court of Malaya at Kuala Lumpur allowing the Originating Summons filed by Kuasatek to enforce the said Adjudication Decision with costs.

HCM has instructed its Solicitors to initiate legal proceeding by way of writ against Kuasatek for final resolution on the dispute.

This announcement is dated 31 October 2018