Summary of Key Matters

Summary of Key Matters Discussed at the 23rd Annual General Meeting held at Crown 2, 2nd Floor, Sabah Oriental Hotel, Jalan Kemajuan Karamunsing, 88000 Kota Kinabalu, Sabah on Tuesday, 21 May 2019 at 2:00 p.m.

At the 23rd Annual General Meeting (“AGM”) of the Company held on 21 May 2019, all the resolutions as set out in the Notice of the AGM dated 22 April 2019, were duly passed by way of poll by the shareholders and proxies present thereat.

There was one key matter related to the Appointment of Auditors discussed as details below:-

A shareholder enquired on the reason for Crowe Malaysia PLT ("Crowe") not seeking for re-appointment as the Company's auditors.

The Audit Partner of Crowe replied that being an External Auditor for Public Listed Company, the responsibility and time spent are very high due to disclosure requirement of accounting reporting standard. He, being the sole key audit partner of Crowe at Sabah Branch has reached the age of 70 and would retire soon. Thus, Crowe has decided not to seek for re-appointment as auditors of the Company. He added that there was no disagreement between Crowe and the Board of Directors or Management of the Company during the audit process of the Audited Financial Statements for the financial year ended 31 December 2018.

General Meetings: Outcome of Meeting