The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) wishes to announce that TCMH has on 24 September 2018 entered into a Subscription and Shareholders’ Agreement with Warisan TC Holdings Berhad (“WTCH”) and Comit Communication Technologies (M) Sdn Bhd (“CCT”), a wholly-owned subsidiary of WTCH, to regulate the relationship of the parties as shareholders through equity participation by TCMH in CCT (“Joint Venture”).

Please refer to the attachment for details. 

This announcement is dated 24 September 2018.