BOUSTEAD WILL REVEAL PLANS ONCE OBTAINS CONFIRMATION FROM GOVERNMENT ON LCS PROJECT APPROVAL

Boustead Holdings Berhad (“BHB”) will reveal its plan on reviving the Littoral Combat Ships (“LCS”) project once it receives the official confirmation on the Government’s approval as announced on Friday, 7 May 2021.

Expressing gratitude to the Government for the continued trust for it to complete the project which has been halted since 2019, BHB is unable to share further information but will make the necessary announcements in a timely manner to Bursa Malaysia Securities Berhad, should there be any material information which falls under the Main Market Listing Requirements.

This announcement is dated 10 May 2021.