BURSA ANNOUNCEMENTS

The Board of Directors of TCB wishes to announce that the following dormant subsidiaries of the Company incorporated in Malaysia have been placed under Members’ Voluntary Winding-up on 4 November 2016 pursuant to Section 254(1)(b) of the Companies Act, 1965:

(1)       Europlex Consortium Sdn. Bhd., an indirect 51% owned subsidiary of the Company; and

(2)       Peak Synergy Sdn. Bhd., an indirect 51% owned subsidiary of the Company.

Mr. Ong Lai @ Ong Kong Lai [NRIC No. 430925-06-5253] and Mr. Wong Cham Mew [NRIC No. 480601-10-5875] of Ong & Wong, Chartered Accountants (AF0241) of Unit C-20-5, Block C, 20th Floor, Megan Avenue II, No. 12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur had been appointed as the liquidators of the aforesaid companies.

The Members’ Voluntary Winding-up of the aforesaid companies will not have any effect on the share capital and shareholdings of the substantial shareholders of TCB and will not have any material impact on the gearing, earnings and net assets of TCB Group for the financial year ending 31 December 2016.

None of the Directors, major shareholders of TCB or persons connected to them have any interest, direct or indirect, in the Members’ Voluntary Winding-up.

This announcement is dated 4 November 2016.