The Board of Directors of Asian Pac Holdings Berhad (“Asian Pac” or the “Company”) wishes to announce that at the extraordinary general meeting (“EGM”) of the Company held today, the shareholders of the Company have duly passed the resolutions set out in the Notice of EGM dated 29 December 2016 on the following proposals:

1. Proposed renounceable rights issue of up to RM99,256,461 nominal value of 5-year 3% irredeemable convertible unsecured loan stocks to be issued at 100% of its nominal value of RM1.00 each (“ICULS”) on the basis of 1 ICULS for every 10 ordinary shares of RM0.20 each in Asian Pac (“Asian Pac Shares”) held by the entitled shareholders on an entitlement date to be determined later together with up to 198,512,922 free new detachable warrants (“Warrants”) to be issued on the basis of 2 Warrants for each ICULS subscribed (“Proposed Rights Issue”); and

2. Proposed exemption to Mah Sau Cheong and persons acting in concert with him (“PAC”) from the obligation to undertake a mandatory take-over offer for all the Asian Pac Shares, convertible securities and new Asian Pac Shares to be issued pursuant to the conversion of ICULS and/or the exercise of the Warrants not held by Mah Sau Cheong or his PAC (“Proposed Exemption”).

The detailed voting results on the resolutions which was conducted by poll have been validated by Ms Lam Sook Fun of Messrs UHY,the independent scrutineer appointed by the Company.

Please refer to the attachment for the poll results.

This announcement is dated 20 January 2017.

Please refer attachment below.