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We refer to the above and the press release by the Bursa Malaysia Securities Berhad (“Bursa Securities”) on 28 October 2004 on the Paragraph 8.16A of the Listing Requirements of Bursa Securities on the maintenance of minimum capital requirement as a continuing listing obligation (“Minimum Capital Requirement”) and the extension of time of six (6) months from 28 October 2004 to 27 April 2005 to affected listed issuers to meet the Minimum Capital Requirement. In connection thereof, Hwang-DBS Securities Berhad, on behalf of the board of directors of Kuchai, has sought the consent of Bursa Securities in granting an extension of time to 27 January 2006 (“Time Extension”), to allow the Company time to address the Minimum Capital requirement. The Time Extension is pending the approval of Bursa Securities as at the date of this announcement.
This announcement is dated 25 April 2005.