News

Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) had at the 41^st Annual General Meeting of the Company held on 22 May 2013 obtained a shareholders’ mandate to allow TCMH and its subsidiaries (“TCMH Group”) to enter into recurrent related party transactions of a revenue or trading nature (“RRPTs”) with Auto Dunia Sdn Bhd (“ADSB”) in respect of, among others, sale and purchase of motor vehicles.

In accordance with paragraph 10.09(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company informs that the actual value of the RRPTs entered into by TCMH Group with ADSB has exceeded by more than 10% of the estimated value disclosed in the Circular to shareholders dated 30 April 2013 as set out in Table 1 below.

This announcement is dated 26 February 2014.