We refer to our announcement dated 15 May 2017 pertaining to the defence on a Motion to Add and Correct Complaint against Narita Motorcare (Cambodia) Co. Ltd (“Narita”), Mr Long Narith and Ms Pich Sokhom, the representatives of Narita filed by ETCM (C) Pty Ltd (“ETCM (C)”) and Tan Chong Motor (Cambodia) Pty Ltd (“TCMC”), both wholly-owned subsidiaries of Tan Chong Motor Holdings Berhad (“TCMH” or “Company”).

The Board of Directors of TCMH wishes to announce that our solicitors had on 26 November 2017 notified that the sealed judgement had been issued by the Court of First Instance in Phnom Penh in favour of ETCM (C) and TCMC, amongst others, that:

1. dismissed all claims of Narita, Mr Long Narith and Ms Pich Sokhom;

2. confirmed the non-existence of the agreement between Narita and ETCM (C) and TCMC;

3. ordered Narita, Mr Long Narith and Ms Pich Sokhom to pay ETCM (C) and TCMC damages totalling USD8,037,818.00 for actual losses and emotional damages which have been caused by the rulings arising from the 2015 and 2016 Preservative Relief Order; and

4. all litigation costs to be paid by Narita, Mr Long Narith and Ms Pich Sokhom.

The above said judgment is subject to appeal within thirty (30) days from the date of receipt of the sealed judgment by either party in the action. 

Further announcements would be made to Bursa Malaysia Securities Berhad, should there be any material development on this matter.

This announcement is dated 27 November 2017.