The Board of Directors of Tan Chong Motor Holdings Berhad ("the Company") wishes to announce the following updates in respect of the related party receivables of the Group which have been outstanding for more than one (1) year:

(i) Total outstanding related party receivables as at 31 December 2010:

Outstanding Period	RM '000
> 1 year - 3 years	219.55
> 3 years - 5 years	1.99
> 5 years - 10 years	4.70
> 10 years	-
Total	226.24

(ii) Steps taken or proposed to be taken by the Group to recover the related party receivables:

(a) Sending reminders and following up on overdue amount.
(b) Active engagement with the related parties to resolve disputed amount.
(c) Negotiate with the related parties to finalise settlement terms.

(iii) Expected timeframe to fully recover the related party receivables:

The Group expects to fully recover the above outstanding related party receivables by 30 April 2011.