Suspension and De-Listing of Stone Master Corporation Berhad

Stone Master Corporation Berhad (“STONE”) has failed to make the Requisite Announcement on or before 28 February 2019 as stipulated in Bursa Malaysia Securities Berhad’s (“Bursa Securities”) letter dated 9 January 2019 and the Company's application for a further extension of time to make the Requisite Annoucement and submit the regularisation plan has been rejected by Bursa Securities.

In the circumstances and pursuant to paragraph 8.04(5) of the Main LR, please be informed that:-

1. the trading in the securities of STONE will be suspended with effect from 4 April 2019; and
2. the securities of the Company will be de-listed on 8 April 2019 unless an appeal against the de-listing is submitted to Bursa Securities on or before 3 April 2019 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 8 April 2019 shall be deferred pending the decision on the Company’s appeal.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.