Reference is made to the Company’s previous announcements made on 21 January 2020, 31 January 2020, 18 February 2020, 24 March 2020 and 13 April 2020 (“the Announcements”) in relation to the trading suspension of ATTA Securities and investigation on the offence under the Dangerous Drugs Act, 1952.

The Board of Directors of ATTA wishes to inform the further developments of the above matters as follows:

1.    Seizure on the Motor Vehicles of the Company and its Subsidiaries

Reference is made to the Company’s announcement made on 31 January 2020, 18 February 2020, 24 March 2020 and 13 April 2020 in relation to the seizure on the motor vehicles of the Company and its subsidiaries which would be released by way of the bond.

The Company has made the payment of RM500,000 to Akauntan Negara Malaysia as bond for the release of the following 10 units of motor vehicles which have been seized pursuant to Section 26(2) of the Dangerous Drugs (Forfeiture of Property) Act, 1988 except one Toyota Vellfire in the name of SMPC Industries Sdn. Bhd.:

	Name of Company	Description of Motor Vehicle
1.	ATTA Global Group Berhad	BMW X5
2.	SMPC Industries Sdn. Bhd.	Mercedes Benz E350
3.	Progerex Sdn. Bhd.	i)     3 units of Excavator, Model Kobelco
		ii)     4 units of Lorry, Model Hino
		iii)    1 unit of Proton Persona

On 14 May 2020, the abovesaid motor vehicles have been released by Police Diraja Malaysia (PDRM) pursuant Section 26(2)(a) of the Dangerous Drugs (Forfeiture of Property) Act, 1988.

2.    Application for Return of Properties Seized

The Company has exercised its right under the Law to apply for release of the properties seized by the Police. The said claim was made under the relevant law and has been referred to the Sessions Court of Georgetown, Penang for determination.  Due to Conditional Movement Control Order, the Company is still waiting for court’s date from the Authority.

3.    The Resumption of Operation of the Company and its Subsidiaries

In view of the above release of motor vehicles for excavators, lorries and Proton Persona by Police Diraja Malaysia (PDRM), the Company had sought the legal opinion on the resumption of operation of the Company and its subsidiaries.  It was concluded that the Company and its subsidiaries are at liberty to commence the operation.  Hence, the subsidiaries, namely Progerex Sdn. Bhd. and Syarikat Perkilangan Besi Gaya Sdn. Bhd. plan to resume its scrap metal operation by 1 June 2020.

ATTA will make further announcement(s) as and when there are any material developments in relation to the above matter.

This announcement is dated 22 May 2020.