Reference is made to the Movement Control Order (“MCO”) imposed by the Government effective 18 March 2020, which has been subsequently replaced by the Conditional MCO which took effect from 4 May 2020 to 9 June 2020 to contain the spread of the Covid-19 infection in the country and the following relief measures announced by the relevant authorities to assist and support companies during the challenging period posed by the Covid-19 pandemic:

1. Extension of time (“EOT”) by Bursa Malaysia Securities Berhad (“Bursa Malaysia”) until 30 June 2020 for listed issuers to issue their annual reports that include annual audited financial statements and the auditors’ and directors’ reports, which are due by 30 April 2020;

2. EOT by the Registrar of Companies (“ROC”) for companies with financial year ended after 31 August 2019 to 31 December 2019 to hold an Annual General Meeting (“AGM”) for a period of 90 days from the original expiry date for holding the AGM in accordance with the powers under Section 340(4) of the Companies Act 2016 (“the Act”); and

3. EOT by the ROC for companies with financial years ended after 31 August 2019 to 31 December 2019 to circulate and lodge their Audited Financial Statements for a period of 90 days in accordance with the powers under Practice Note 3/2018 and Section 259(2) of the Act respectively.

In consideration of the challenges and the uncertainties faced by the Company, the Board hereby inform that the Company will issue its Annual Report by 30 June 2020 and convene its 56th AGM on 14 August 2020 in line with the EOT granted By Bursa Malaysia for the issuance of annual report and the EOT obtained from the ROC on 29 April 2020 for convening the 56th AGM respectively. The notice of the 56th AGM will be issued to shareholders in due course.

Given that the 56th AGM of the Company will only be convened in August 2020, the Board further inform that the entitlement and payment dates in respect of the Proposed Final Dividend for the financial year ended 31 December 2019 which was announced by the Company on 21 February 2020 are now deferred to 15 October 2020 and 12 November 2020 respectively. The quantum of the dividend will remain unchanged at 66 sen per stock unit.

This announcement is dated 19 May 2020.