The Board of Directors of CN Asia Corporation Bhd (“Company”) wishes to announce that the resolution as set out in the Notice of Extraordinary General Meeting dated 23 April 2020 and tabled at the Extraordinary General Meeting ("EGM") of the Company held today, 07 July 2020, were duly passed by the Shareholders of the Company at the said EGM.

The resolution was voted by poll in accordance with Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The result of the poll was validated by Ms Melissa Liew, the representative from Scrutineer Solutions Sdn Bhd, the Independent Scrutineer appointed by the Company.

Please refer to the attachment for the poll result.

This announcement is dated 07 July 2020.

PROPOSED ACQUISITION BY CHIP NGAI ENGINEERING WORKS SDN BHD (REGISTRATION NO.: 197001000934 (10217-A)), A WHOLLY-OWNED SUBSIDIARY OF CN ASIA, OF A PARCEL OF VACANT LAND HELD UNDER H.S.(M) 23504, LOT 5856, LOCALITY OF SUNGAI LABU, MUKIM OF TANJUNG DUA BELAS, DISTRICT OF KUALA LANGAT, STATE OF SELANGOR DARUL EHSAN FROM TWINSTAR ACRES SDN BHD (REGISTRATION NO. 201701027868 (1242034-D)), A COMPANY WHOLLY OWNED BY A RELATED PARTY FOR A CASH CONSIDERATION OF RM4.00 MILLION