The Directors of NetX Holdings Berhad (“NetX”) wish to announce that the shareholders of the Company have at the Extraordinary General Meeting ("EGM") held this morning passed the proposed resolution as set out in the Notice of EGM dated 20 October 2016 by way of poll.

The results of the poll in relation to the special resolution 1 on proposed reduction of the issued and paid-up share capital of NetX via the cancellation of RM0.03 of the par value of every existing ordinary share of RM0.05 each to RM0.02 each in NetX pursuant to section 64 of the Companies Act, 1965 (“Proposed Par Value Reduction”) are as follows:

1) 372,397,413 shares representing 99.98 % voted for the resolution; and

2) 65,000 shares representing 0.02 % voted against the resolution.

Messrs. XS Capital Sdn. Bhd. was the scrutineer for the counting of votes of this meeting.