Reference is made to the trading suspension of ATTA Securities on 16 January 2020, the Board of Directors of ATTA wishes to notify that a portion of the Company’s premises located at Prai Industrial Estate which is tenanted by a third party had been raided by the Police Diraja Malaysia (“PDRM”) on 16 January 2020 for investigation of an offence under the Dangerous Drugs Act 1952.  The Executive Chairman, Mr. Ooi Chieng Sim has also been remanded by PDRM to assist in the investigations.

In regard to the ongoing investigations,

• a total of nine (9) banking accounts in the name of the Company and its subsidiaries, namely Duro Metal Industrial (M) Sdn. Bhd., SMPC Industries Sdn. Bhd., Syarikat Perkilangan Besi Gaya Sdn. Bhd. and Progerex Sdn. Bhd. have been frozen;

• the securities maintained in the CDS accounts belonging to the Company’s subsidiaries, namely Progerex Sdn. Bhd. and Park Avenue Construction Sdn. Bhd. have been suspended;

• some of the Group’s motor vehicles had been seized;

• the Executive Chairman, Mr. Ooi Chieng Sim’s personal banking accounts and CDS accounts have been frozen; and

• the Executive Director, Mr. Ng Chin Nam’s personal banking accounts have been frozen.

Hence, the financial and operations of the Group will be substantially affected.

The Board had taken the following proactive actions to address the above matters:

1. Termination of the Tenancy Agreement dated 1 April 2016 with the involved tenant with effect from 20 January 2020;

2. Appointment of Mr. Chiok Kian Chau as Acting Chairman of the Group during the absence of Mr. Ooi Chieng Sim; and

3. Adhoc Committee comprising the following members had been formed to oversee operation and address the issues arising from the above investigations:

 The Board of Directors will accordingly make further announcements on any further material development on the investigation.

This announcement is dated 21 January 2020.