The Board of Directors of Kuchai Development Berhad is pleased to announce that all resolutions as set out in the Notice of the 49th Annual General Meeting ("AGM")of the Company dated27 October 2017and tabled at the said AGM, held today, havebeen duly passed. All the resolutions were votedby poll at the 49th AGM of the Company. The results of the poll were validated by Messrs. Deloitte, the Independent Scrutineers appointed by the Company. - Resolution 1 - Single tier First and Final tax exempt Dividendof 0.2% for the financial year ended 30 June 2017.

- Resolution 2 - Single tier Bonus Dividend of 1.75% for the financial year ended 30 June 2017.

- Resolution 3 - Director s fees and benefit up to the maximum amount of RM400,000 for the financial year ending 30 June 2018.

- Resolution 4 -Re-election of MrLee Chung Shih as Director.

- Resolution5 - Re-appointment of Messrs Ernst & Young as Auditors of the Company.

- Resolution6 - Re-appointment of Mr Lee Soo Hoon as Director.

- Resolution7 - Continuation of terms of office of Mr Lee Soo Hoon as Independent Director.

- Resolution8 - Resolution pursuant to Section 76 of the Companies Act, 2016.

- Resolution9 - Resolution pursuant to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.

- Resolution 10-Resolution pursuant to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.

- Resolution 11-Adoption of the NewConstitution of the Company.

The details of theresultsare as per enclosure.