The Board of Directors of Lion Industries Corporation Berhad ("LICB") wishes to announce that the Company proposes to seek approval of its Shareholders for the following at its forthcoming 95th Annual General Meeting to be convened:

(i)    proposed renewal of shareholders' mandate and proposed new shareholders' mandate for the LICB group of companies to enter into recurrent related party transactions of a revenue or trading nature with related parties ("Proposed Shareholders' Mandate"); and

(ii)    proposed amendments to the Constitution of the Company ("Proposed Amendments").

A Circular to Shareholders containing the information on the Proposed Shareholders' Mandate and the Proposed Amendments will be made available via electronic means to the Shareholders in due course.