Company Announcements

We refer to the Company’s announcements on 2 February 2016, 18 February 2016, 4 October 2016 and 31 October 2016 (“Company’s Announcements”) and RHB Investment Bank Berhad’s press releases dated 1 February 2016, 30 September 2016 and 31 October 2016 (“RHB’s Press Releases”) in relation to the disposal of shares by the Company’s major shareholder. Unless otherwise defined in this announcement, all capitalised terms and expressions used herein shall have the same meanings ascribed to them in the Company’s Announcements and RHB’s Press Releases.

The Board of Directors of the Company (“Board”) wishes to announce that it has received a copy of a press release (“New Press Release”) issued by RHB Investment Bank Berhad, acting as principal adviser on behalf of Malaysia Hengyuan International Limited (“MHIL”) after market trading hours on 17 November 2016, that the conditions precedent to the SPA have been fulfilled as at 17 November 2016 (“Fulfillment Date”). Notwithstanding the foregoing, the Board also wishes to announce that based on the New Press Release, the SPA will only become unconditional upon the occurrence of certain events as set out in the New Press Release.

The Board will make further announcements when it is informed that the SPA has become unconditional and as may be necessary or required.

A copy of the New Press Release is enclosed herewith for your information.

This announcement is dated 18 November 2016.