The terms used herein shall have the same meaning as those defined in the announcement made on 10 January 2018 unless otherwise stated.

We refer to the announcements dated 7 December 2017, 14 December 2017, 4 January 2018, 5 January 2018, 8 January 2018, 10 January 2018, 12 January 2018, 13 February 2018, 14 February 2018, 8 March 2018 and 28 March 2018 and the circular to shareholders dated 14 February 2018 in relation to the Proposed SCR. 

Pursuant to Paragraph 9.23(1) of the Main Market Listing Requirements of Bursa Securities, LCTH is required to issue the Annual Report 2017 that includes annual audited financial statements together with the auditors’ and director’s reports of LCTH (“Annual Report 2017”), to Bursa Securities and shareholders within 4 months from the close of the FYE 31 December 2017 of LCTH.

The Company is in the midst of implementing the Proposed SCR.  Barring unforeseen circumstances, the Proposed SCR may be completed prior to the Fourteenth Annual General Meeting of LCTH (“AGM”) scheduled to be held by end June 2018.  Upon the completion of the Proposed SCR, all the 105,704,357 LCTH Shares held by the Entitled Shareholders will be cancelled which would result in the Non-Entitled Shareholder holding 100% equity interest in LCTH.  In this respect, the Entitled Shareholders will not be attending the AGM.  

On 23 and 28 March 2018, RHB Investment Bank Berhad had, on behalf of LCTH, submitted applications to seek the approval of Bursa Securities for the following (“Application”):

(i)         a waiver from the requirement to issue the Annual Report 2017 if the Proposed SCR is completed prior to the AGM scheduled to be held by end June 2018; or

(ii)        an extension of time to 6 June 2018 to issue the Annual Report 2017 if the Proposed SCR is completed after the AGM.

On behalf of the Board, RHB Investment Bank Berhad wishes to announce that Bursa Securities’ decision in relation to the Application as set out in its letter dated 12 April 2018, is as follows:

(i)       a waiver from issuing the Annual Report 2017 if the Proposed SCR is expected to be completed before the AGM scheduled to be held in June 2018; or

(ii)      an extension of time of 1 month until 31 May 2018 to issue the Annual Report 2017 if the Proposed SCR is expected to be completed after the AGM.

Further developments on the Proposed SCR will be announced by the Company in due course.

This announcement is dated 12 April 2018.