The Board of Directors of Cycle & Carriage Bintang Berhad (“the Company” or "CCB")wishes to announce that at the Extraordinary General Meeting ("EGM") of the Company held on 11February 2020, the resolutionset out in the Notice of the EGMdated 14January 2020 was duly voted by way of pollheld at Concorde Ballroom 1, Lobby Level, Concorde Hotel, Jalan Sultan Ismail, 50250 Kuala Lumpuron Tuesday, 11February2020.

The Special Resolution which was tabled at the EGM in respect of the Proposed Special Resolution is required to be approved by at least a majority in number of the disinterested shareholders of the Company and 75% in value to the votes attached to the disinterested CCB's shares that are cast either in person or by proxy at the EGM and the Special Resolution must not be voted against by more than 10% of the votes attaching to all the disinterested shares of the total voting shares of CCB.

Based on the poll results, the Special Resolution was voted for by 46.22% in number and 57.94% in value to the votes attached to the disinterested CCB's shares that were cast either in person or by proxy at the EGM. Further, 13.18%of the votes attached to the disinterested shares of the total voting shares of CCB voted against the Special Resolution. Therefore, the Special Resolution was not carried.

The results of the poll were validated byGovernAce Advisory & SolutionsSdnBhd, the scrutineer appointed by the Company.

Details of the results of the poll are set out below.

This announcement is dated 11February 2020.

Proposed selective capital reduction and repayment exercise pursuant to Companies Act, 2016 ("Proposed SCR")