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30 April 2015

Delay in Release of the Audited Financial Statements for the year ended 31 December 2014

We refer to our announcement dated 27 April 2015 in relation to the above.

Further to our announcement, we wish to clarify that the reason for the delay in the completion of the audit in relation to the financial year ended 31 December 2014 (“FYE 2014”) and the release of the audited financial for FYE 2014 (“AFS”) is that the Board of Directors of the Company (“Board”) has, on 29 April 2015, been informed by Messrs Nexia SSY, the External Auditors of the Company that they are not able to express an opinion on the financial statements of the Company for FYE 2014 due to various issues raised by the External Auditors to the Audit Committee and the Board on 27 April 2015. The issues pertain to the classification, description and recoverability of various transactions carried out by the Company in FYE 2014, which were only made known by the External Auditors to the Audit Committee and the Board on 27 April 2015.

As such, the Board has taken the initiative to engage UHY Advisory (KL) Sdn Bhd (“Special Auditors”) to conduct an independent and comprehensive review of the issues raised by the External Auditors in order to facilitate the External Auditors’ provision of an opinion on the financial statements of the Company for FYE 2014 (“Special Review”). The Special Review is expected to be completed in six (6) weeks. The Board will be making an application to Bursa Malaysia Securities Berhad to seek an extension of time up to 30 June 2015 to issue the AFS 2014.

This announcement is dated 30 April 2015.

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