The Board of Directors of the Company is pleased to inform that the shareholders of the Company had at the Function Hall, Tatt Giap Group Berhad at 1617 Lorong Perusahaan Maju 6, Prai Industrial Estate IV, 13600 Prai, Penang on Thursday, 28 March 2013 approved the disposal of 19,600,000 ordinary shares of RM1.00 each in Tatt Giap Steel Centre Sdn. Bhd. (“TGSC”), a wholly owned subsidiary of Tatt Giap Group Berhad, representing 49% of the issued and paid up share capital of TGSC to CSGT International Corporation, CSC Steel Holdings Berhad and Hanwa Co., Ltd. for an aggregate cash consideration of RM20,033,160.00 as prescribed in the Notice of the EGM contained in the Circular dated 12 March 2013 of the Company.

This announcement is dated 28 March 2013.