Reference is made to the Company announcement dated 9 December 2011 wherein the Company had on 3 June 2011 filed an application via Kuala Lumpur High Court Suit No. 24NCC(ARB)-18-2011 for a Court Order that all monies claimed by the Company in the arbitration proceeding with Technitium Sdn Bhd ("TSB") be deposited into the Company's solicitor's bank account, as stakeholders, within 21 days from the said Order.

On 21 November 2011 the High Court allowed the said Company's application with costs of RM10,000 to be paid by TSB to the Company.

On 24 November 2011, TSB filed an appeal against the said Order.

On 30 November 2011, TSB also filed an application for stay of the said Order pending the disposal of the appeal. However, on 7 December 2011, the Court dismissed TSB's application for stay with costs of RM1,000 to be paid by TSB to the Company. Subsequently, on 12 December 2011, TSB filed an application for stay in the Court of Appeal. At the hearing on 5 January 2012, the Court of Appeal dismissed TSB's application for stay with costs of RM5,000 to be paid by TSB to the Company.

Further to that, the Court of Appeal also made on order that TSB is to file the Record of Appeal by 14 January 2012 and further fixed the appeal for hearing on 9 February 2012.

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