The Board of Directors of Malaysia Aica Berhad ("the Company") wishes to announce that the Company had on 11 April 2014 acquired the entire issued and paid up share capital of MLSB at a purchase consideration of RM 2.00.

1. INFORMATION

MLSB was incorporated in Malaysia under the Companies Act, 1965 on 24 March 2014. The present authorised share capital of MLSB is RM400,000.00 divided into 400,000 ordinary shares RM1.00 each and the paid-up share capital is RM2.00 divided into 2 ordinary shares of RM1.00 each. Currently, MLSB is a dormant company.

The acquisition of shares in MLSB is not expected to have any material effects on the earnings or net assets of the Company for the financial year ending 31 March 2015.

Mr Wong Yuen Teck, a Director of the Company had declared his interest as related party in the acquisition of MLSB by virtue of his directorship in MLSB.

The Board of Directors is of the opinion that the acquisition is to undertake future business expansion and is in the best interest of the Company.