Company Announcements

The Board of Directors of HRC wishes to announce that the Company proposes to seek shareholders’ approval at the forthcoming Fifty-Ninth Annual General Meeting ("AGM") and Extraordinary General Meeting ("EGM") for the following proposals:

1.   Proposed Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions ("RRPT") of a Revenue or Trading Nature at the AGM;

2.   Proposed Share Buy-Back Authority for Hengyuan Refining Company Berhad to Purchase Its Own Shares at the AGM; and

3.   Proposed New Shareholders' Mandate for Additional RRPT of a Revenue or Trading Nature at the EGM.

The Circulars to the Shareholders for the Existing RRPT and Share Buy-Back Authority as well as the Additional RRPT setting out the details of the above proposals will be dispatched to the shareholders of the Company in due course.

This announcement is dated 20 April 2018.