The Board of Directors of the Company wishes to announce that IB had on 9 July 2015 entered into an Equity Transfer Agreement (“ETA”) with Acute Horizon Limited for the disposal of all the equity interest in Industronics Corporation Limited (“ICL”), a wholly-owned subsidiary of the Company for a total cash consideration of RM1.00 only (hereinafter referred to as “the Proposed Disposal”).

Please refer to the attachment for further details on the Proposed Disposal.

This announcement is dated 10 July 2015.