We refer to Bursa Query Letter dated 17 May 2019 in respect of the aforesaid matter.  In this connection, kindly refer as below with the following additional information for public release as requested:

1)   Net book value of the Property based on the latest audited financial statements (if any).

      Net book value of the property on the latest audited financial statement as at 31.7.2018 was RM 33,074,859.

2)   Whether the development order (“DO”) for the Property has been obtained. If yes, please disclose the date of approval of the DO and its expiry date as well as the details of the Property such as type of the project development together with the number of units, expected commencement and completion date of development, expected profits to be derived and source of funds to finance the project development cost.

      The previous management had obtained development order (“DO”) dated 27.09.2016 which will be expiring on 27.9.2019. The “Do” granted is for the development of A:34 Tingkat 282 Units of Pangsapuri Kos Rendah and B:21 Tingkat 85 Units of Pangsapuri Kos Rendah.  However, ATTA do not to intend to carry out said development and will submit a new development plan. ATTA shall consult with consultants after completion of the acquisition and shall make necessary announcement if required.

3)   Details and nature of the total amount owing by MPSBV to its directors.

      Nature of the total amount owing to its directors was advance received to purchase the Property and for its operating and development expenses.

4)   Other salient terms of the SSA, including the conditions precedent and termination clauses.

      Condition Precedents

      The purchase of the Shares is conditional upon the purchaser being satisfy with the results of accountants investigation into the financial , contractual and trading position and prospects of the Company (hereinafter referred to as “the Condition Precedent”) and if the Precedent is not fulfilled all monies paid hereunder shall be refunded forthwith to the Purchaser free of interest and the Purchaser shall simultaneously return all documents of titles belonging to the Vendors whereupon this Agreement shall determine and neither party shall have any further claim against the other. Save in respect of any prior breach. The date of the Purchaser’s Solicitors written confirmation addressing to the Vendors Solicitors and the Company that the condition Precedent is fulfilled is called the Unconditional Date

      Termination Clauses

     Default by Purchaser

If the payment hereby reserved or any part thereof shall be in arrears and unpaid for fourteen (14) days after becoming payable (whether formally demanded or not) the Vendor shall in their absolute discretion be entitled to:

(a)   forfeit the Deposit as agreed liquidated and ascertained damages and compensation  for  breach   of  this  Agreement   and  to  refund  to  the Purchaser all other sum or sums paid by the Purchaser under this Agreement free of interest and the Purchaser's Solicitors shall return the Deposited Documents  to the Vendor  or the Vendor's  Solicitors (if the same has been forwarded to the Purchaser's Solicitors) and thereafter this Agreement shall terminate and forthwith be null and void and each party shall have no further claim against each other whatsoever arising from this Agreement; or

(b)   remedy of specific performance.

     Default by Vendor

In  the  event  the  Vendor  commits  any  breach  of  this  Agreement  or  fails  to complete this Agreement when obliged to do so, and the Purchaser is willing and demonstrates  their  ability  to  complete  this  Agreement  and  has  not  failed  to comply with any of the terms of this Agreement or breached any of the terms of this Agreement, the Purchaser shall at their absolute discretion be entitled to:-

(a)  refund by the Vendor to the Purchaser the Purchase Price paid by the Purchaser under this Agreement together and all other sums or monies paid by the Purchaser to the Vendor under this Agreement free of interest the Vendor or the Vendor's Solicitors (if the same has been forwarded to the Purchaser's  Solicitors) and thereafter this Agreement shall terminate and forthwith be null and void and each party shall have no further claim against each other whatsoever arising from this Agreement; or

(b)  remedy of specific performance.

5)   Whether the relevant authorities’ approval is required for the Acquisition.

      The proposed Acquisition is not subject to approval of relevant authority.

6)   To make available the valuation letter prepared by C H Williams Talhar & Wong Sdn. Bhd. for inspection.

      Attached the valuation report by CH William & Wong for reference.

Further to the above, there is an error in the percentage ratio as the earlier percentage of 23.187% is based on Paragraph 10.03(8) which is not related to this transaction.  The correct percentage should be 9.312%.