This has reference to our letter dated 23rd July 2021 wherein we had informed that approvals of shareholders are being sought at the ensuing Annual General Meeting (AGM) for

(i) Adoption of new set of Articles of Association and

(ii) Amendment to the Memorandum of Association of the Company

collectively referred to as 'Proposals'

It has now been decided not to proceed further with the above Proposals at the ensuing AGM since some more work needs to be done before seeking shareholders' approval.