Bursa Announcements

Joint Venture Agreement Between Tan Chong Construction (LABUAN) Pte Ltd, An Indirect Wholly-Owned Subsidiary Of Tan Chong Motor Holdings Berhad, And An Tam Construction And Trading Co., Ltd. Dated 13 March 2020 As Supplemented By Supplemental Letters Dated 10 June 2020, 13 October 2020, 15 December 2020, 25 March 2021, 10 September 2021 And 11 March 2022

We refer to our announcements dated 13 March 2020, 12 June 2020, 14 October 2020, 25 March 2021, 10 September 2021 and 11 March 2022 pertaining to the Joint Venture Agreement dated 13 March 2020 as supplemented by Supplemental Letters dated 10 June 2020, 13 October 2020, 15 December 2020, 25 March 2021, 10 September 2021 and 11 March 2022 (collectively, “JV Agreement”) executed by Tan Chong Construction (Labuan) Pte Ltd [“TCC (Labuan)”], an indirect wholly-owned subsidiary of Tan Chong Motor Holdings Berhad (“Company”), with An Tam Construction and Trading Co., Ltd. (“Antaco Vietnam”), to regulate the arrangement relating to the management, operations, affairs and the rights and obligations of the parties as members of a joint venture company (“JV Co.”) to be incorporated in Vietnam under the name of TAN CHONG ANTACO Construction Co., Ltd. or any other name agreed in writing by the parties and approved by the Department of Planning and Investment under the People’s Committee of City at place of registration, to carry out construction business activities.

The Board of Directors of the Company wishes to announce that both TCC (Labuan) and Antaco Vietnam have mutually agreed in writing to the lapse of the JV Agreement on 20 March 2023. The JV Agreement has since lapsed and is terminated on even date.

This announcement is dated 20 March 2023.

Announcement Info