Bursa Announcements

Others

Reference is made to the Company’s announcements dated 27 May 2020 and 13 August 2020 in relation to the Bills of Demand received by Tan Chong Motor Assemblies Sdn Bhd (“TCMA”), a subsidiary of the Company, from Royal Malaysian Customs Department (“RMCD”) (“Bills of Demand”).

The Board of Directors wish to announce that on 21 August 2020, the Shah Alam High Court had fixed the hearing of the leave application on 25 November 2020 and had granted an interim stay of all further proceedings including the enforcement of the Bills of Demand until 3 September 2020. The interim stay is to be renewed upon its expiry

The Company will update material developments on the above matter from time to time.