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PENTAMASTER CORPORATION BERHAD (“PMCB” OR “VENDOR” OR THE “COMPANY”)
(I)    PROPOSED PESB DISPOSAL; AND
(II)    PROPOSED PSSB DISPOSAL
(COLLECTIVELY, THE “PROPOSAL”)

For consistency purposes, the abbreviations and definitions used in this announcement shall have the same meanings as those previously defined in PMCB’s announcement dated 10 July 2015.

Further to the Company’s announcement on 10 July 2015, PMCB wishes to provide the following additional clarification and information:-

1.    With regards to paragraphs 2.2.4 and 2.3.4 on the proposed utilisation of the proceeds from the Proposed PESB Disposal and Proposed PSSB Disposal, it was mentioned that “additional surplus proceeds shall be redeployed for better investment and returns by PMCB Group”. The Company wishes to clarify that any proceeds that are not required to be utilised as working capital shall be redeployed to be used for other investment purposes such as acquisition of the land by the Company as announced on 19 March 2015, and, purchase of new machineries for the operations of PMCB Group.

2.    The net profit after tax of PESB and PSSB based on their audited financial statements for the financial year ended (“FYE”) 31 December 2014 are as follows:

PESB

PSSB

This announcement is dated 14 July 2015.