【MINETEC 7219 交流专区】迈德资源

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MINETECH RESOURCES BERHAD

Date of change	04 Jul 2019
Name	MR CHOY SEN @ CHIN KIM SANG
Age	66
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non Executive Chairman
New Position	Executive Chairman
Directorate	Executive

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Masters	Business Administration	Southern Pacific University, United States

Working experience and occupation	Mr Choy Sen @ Chin Kim Sang is the founder of Minetech Resources Berhad Group. He has accumulated 40 years of experience in the provision of quarrying services and specialised services for the quarrying and civil engineering industries.
Family relationship with any director and/or major shareholder of the listed issuer	Mr Choy Sen @ Chin Kim Sang is the father of Mr Chin Leong Choy, the Group Executive Director of the Company.
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest : 172,897,020 ordinary shares.

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Date of change	04 Jul 2019
Name	MR YEE KON SIN
Age	60
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Executive Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Accounting The Malaysian Institute of Accounts Chartered Accountant 2 Professional Qualification Accounting The Malaysian Association of Certified Public Accountants Gold Medal in Financial Management 3 Degree Accounting University of Malaya Bachelor of Accounting (Hons)
Working experience and occupation	Mr Yee Kon Sin started his career as a Qualified Assistant in Hanafiah Raslan & Mohamed for five (5) years. He then joined D&C Sakura Merchant Bankers Berhad as a Credit Manager.In 1989, Mr Yee Kon Sin joined UMW Equipment Sdn Bhd as Accountant and progressed to the role as Senior General Manager. He then joined De Lufra Sdn Bhd as Chief Operating Officer on 1 April 2016 prior to joining Minetech Resources Berhad on 1 January 2019.
Directorships in public companies and listed issuers (if any)	NIL
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest : 6,000,000 Warrants "A"

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Type	Announcement
Subject	OTHERS
Description	Minetech Resources Berhad ("MRB" or "the Company") - Disposal of 51% equity interest in Gebeng Quarry Sdn Bhd
1. INTRODUCTION The Board of Directors of the Company wishes to announce that the Company’s wholly-owned subsidiary, K.S. Chin Minerals Sdn Bhd (“KSCM”) has on 5 August 2019 entered into a Share Sale Agreement (“SSA”) with East Rock Sdn Bhd (Company No. 1202112-W) (“ERSB”) for the purpose of disposing its 4,340,100 ordinary shares in the share capital of Gebeng Quarry Sdn Bhd (“GQSB”), representing 51% of the issued and paid up share capital of Gebeng Quarry Sdn Bhd (“Sale Shares”) to ERSB for a total consideration of RM7,000,000.00 only (the “Disposal”). Upon completion, GQSB shall cease to be an indirect subsidiary of the Company. 2. DETAILS OF THE DISPOSAL (a) Information of KSCM KSCM was incorporated in Malaysia on 5 March 1984 as a private company limited by shares under the Companies Act, 1965. As at the date of this announcement, the total issued share capital of KSCM is RM2,500,100 comprising of 2,500,100 ordinary shares. KSCM is principally engaged in provision of turnkey and specialised quarry services and rental of machinery. The Directors of KSCM are Mr Chin Leong Choy (“CLC”) and Mr Yee Kon Sin (“YKS”). KSCM is a wholly-owned subsidiary of MRB. (b) Information of ERSB ERSB was incorporated in Malaysia on 19 September 2016 as a private company limited by shares under the Companies Act, 1965. As at the date of this announcement, the total issued share capital of ERSB is RM400,000 comprising of 400,000 ordinary shares. ERSB is principally engaged in investment holding company and carry on the business of quarry, mining, smelting and refining company. The Directors of ERSB are Dato’ Chia Kee Mong, Tan Seow Leng and Wong Kian Foong while the shareholders of ERSB and their respective shareholdings are as follows: Shareholders Number of shares % of shareholding Dato' Chia Kee Mong 200,000 50% Tan Seow Leng 120,000 30% Wong Kian Foong 80,000 20% (c) Information of GQSB GQSB was incorporated in Malaysia on 24 October 2005 as a private company limited by shares under the Companies Act, 1965. As at the date of this announcement, the total issued share capital of GQSB is RM8,510,000 comprising 8,510,000 ordinary shares.GQSB is principally engaged in quarry activities and trading of quarry products. 3. SALIENT TERMS OF THE SSA (a) Disposal KSCM agrees to sell and ERSB agrees to purchase the Sale Shares:- (i) free from all liens, charges and encumbrances and with full legal and beneficial title; (ii) with all rights attaching thereto (including all dividends and distributions (if any) declared in respect thereof) with effect from the date of this agreement; (iii) on the basis of the warranties as set out in the SSA; and (iv) conditional upon the entry into & signing and completion of the SSA simultaneously with the entry into & signing and completion of the sale of shares agreement for sale and purchase of 2 ordinary shares, representing 100% of the total issued share capital in Dwibio Sarjana Sdn. Bhd. (Company No. 701926-A) (“DSSB”) (“DSSB Sale Shares”) between Yasmin Hayati Binti Mohd Muda and Suhaidi Bin Abd Ghapar and M & P Setia Sdn Bhd (Company No: 733111-U). ERSB shall not be obliged to complete the purchase of the Sale Shares unless the DSSB Sale Shares are completed simultaneously therewith. Notwithstanding this, ERSB is entitled to complete the Sale Shares but shall still be obligated and bounded to complete the DSSB Sale Shares. (b) Pre-Completion Pending completion, KSCM must ensure and procure that, except with the prior written consent of ERSB or as expressly required or permitted by the SSA:- (i) Does not do anything that is not in DSSB’s ordinary course of business; (ii) Do or omit to do any act or thing which would result in a breach of any of the representations, warranties or undertakings set out in the SSA; (a) knowingly permit any of its normal insurances to lapse or do anything to make any policy of insurance void or voidable; (b) enter into any capital expenditure commitments, hire purchase, leasing, rental or conditional sale agreements other than those already budgeted for or in those to be incurred in the ordinary course of business; (c) enter into any agreement which is outside the ordinary course of its business or which is of an onerous nature; (d) give any financial or other guarantees, securities or indemnities for any purpose other than performance bonds, advance payment guarantees or similar securities; (e) commence any litigation or compromise or settle or waive any claim, dispute or other matter in which it is involved; and (f) pay or agree to pay its directors or officers or any of them any remuneration or other emoluments or benefits whatsoever other than those disclosed and agreed by the ERSB; and (iii) No act is performed or omission allowed which would result in any of the warranties being breached or becoming misleading at any time up to and including completion of the sale and purchase of GQSB Sale Shares by the performance by the parties of their respective obligations under the SSA. 4. BASIS AND JUSTIFICATION OF ARRIVING AT THE CONSIDERATION The consideration was arrived at on a willing-buyer willing-seller basis, after taking into consideration of the net assets of GQSB based on its audited financial statements for the financial year ended 31 March 2018 (“FYE 31 March 2018”) of RM12,642,689. The consideration of RM7,000,000.00 will be paid by ERSB in the following manner:- (i) ERSB shall on the date of execution of the SSA pay to KSCM 30% of the consideration equivalent to RM2,100,000.00; and (ii) The remaining 70% of RM4,900,000 will be settled by way of instalments in the following manner:- No. Payment Date Payment Due 1. 15 August 2019 RM816,666.00 2. 15 September 2019 RM816,666.00 3. 15 October 2019 RM816,666.00 4. 15 November 2019 RM816,666.00 5. 15 December 2019 RM816,666.00 6, 15 January 2020 RM816,670.00                                      Total RM4,900,000.00 (“Balance Consideration”) 5. ORIGINAL DATE AND COST OF INVESTMENT Based on the investment made from 1 December 2016 to date of this announcement, the total cost of investment by KSCM for its 51% equity interest is approximately RM4,340,100. 6. EFFECTS OF THE DISPOSAL The Disposal will not have any effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of the Company. The Disposal is expected to generate an estimated one-off loss of approximately RM678,097 to the Group based on total owner's equity, after taking into consideration the estimated expenses of RM50,000 in relation to the Disposal. 7. COMPLETION OF THE SSA The Disposal shall reach completion upon clearance of the Balance Consideration from ERSB to KSCM by January 2020. 8. UTILISATION OF PROCEEDS FROM THE DISPOSAL The proceeds of RM7,000,000.00 arising from the Disposal is intended to be utilised for working capital of the Company and defraying estimated expenses in relation to the Disposal within 6 months from the completion of the Disposal. 9. RATIONALE FOR THE DISPOSAL The Disposal provides an opportunity for MRB Group to unlock the value and monetise its investment in GQSB. The proceeds from Disposal will be used as working capital of the Company and/or for investments in the existing businesses of MRB Group and/or future investment opportunities to be identified as well as further repayment of borrowings of MRB Group. 10. HIGHEST PERCENTAGE RATIO APPLICABLE TO THE DISPOSAL Pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the highest percentage ratio applicable to the Disposal is 15.87%. 11. APPROVALS REQUIRED The Disposal is not subject to the approval of the shareholders of MRB and any other regulatory authorities. 12. DIRECTORS’ RECOMMENDATION The Board of Directors, after considering amongst others, the potential financial benefits arising from the Disposal, is of the opinion that the Disposal is in the best interest of the MRB Group. 13. RISK FACTORS The Disposal is not expected to pose any risk factors which could materially and/or adversely affect the business opportunities and financial performance of MRB Group. 14. DIRECTORS’ AND/OR MAJOR SHAREHOLDER’ INTEREST AND/OR PERSONS CONNECTED WITH THEM None of the Directors and/or major shareholders and/or persons connected to Directors and/or major shareholders of the Company and the Group has any interest, direct or indirect, in the Disposal. 15. DOCUMENTS FOR INSPECTION The SSA is available for shareholders’ inspection at the registered office of the Company at Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan during normal business hours from Monday to Friday (except for public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 5 August 2019.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	28,165	33,561	28,165	33,561
2	Profit/(loss) before tax	-583	14	-583	14
3	Profit/(loss) for the period	-1,276	-491	-1,276	-491
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,221	-984	-1,221	-984
5	Basic earnings/(loss) per share (Subunit)	-0.13	-0.13	-0.13	-0.13
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0800		0.0900

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MINETECH RESOURCES BERHAD

Date of change	30 Sep 2019
Name	DATO' SRI CHAI CHOW SANG
Age	56
Gender	Male
Nationality	Malaysia
Designation	Non-Independent Director
Directorate	Non Independent and Non Executive
Type of change	Resignation
Reason	To pursue other business commitments.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

Working experience and occupation	NIL
Family relationship with any director and/or major shareholder of the listed issuer	Dato' Sri Chai Chow Sang is the father of Mr Chai War Ren, who is also his Alternate.
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest: 30,000,000 ordinary shares

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Type	Announcement
Subject	OTHERS
Description	Minetech Resources Berhad ("MRB" or "the Company") - Letter of Award from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd to Minetech Construction Sdn Bhd, a wholly-owned subsidiary of the Company for Section 4 Bridge Works - Package 3 of Electrified Double Track from Gemas to Johor Bahru
Introduction The Board of Directors of MRB (“Board”) is pleased to announce that Minetech Construction Sdn Bhd ("MCSB"), a wholly-owned subsidiary of MRB had on 9 October 2019 accepted a Letter of Award dated 26 September 2019 from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd appointing MCSB as sub-contractor to undertake and complete the Section 4 Bridge Works – Package 3 of the Electrified Double Track from Gemas to Johor Bahru at a contract value of RM17.9 million (“Sub-Contract Works”). The Sub-Contract Works will commence in October 2019 and is expected to complete by third quarter of 2020. Financial Effects The Sub-Contract Works is expected to contribute positively to the revenue, earnings and net assets of MRB Group for financial year ending 31 March 2020. The Sub-Contract Works will not have any impact on the share capital and/or shareholding structure of MRB. Risk Factors The Sub-Contract Works are subject to normal business risks such as increase in cost due to any escalation of material costs and availability of skilled manpower. MRB Group management would put in place control measures and operational procedures to reduce the impact or likelihood of such events. The Board believes that the Group is able to mitigate any of the aforesaid risk factors. Directors’ and/or major shareholders’ interests None of the Directors and/ or Major Shareholders of MRB and/or persons connected to them has any interest, direct or indirect, in the Sub-Contract Works. Directors’ Statement The Board of Directors, after considering amongst others, the potential financial benefits arising from the Sub-Contract Works, is of the opinion that the acceptance of the Letter of Award is in the best interest of MRB Group. This announcement is dated 9 October 2019.

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Expiry/Maturity of the securities

MINETECH RESOURCES BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Type Of Expiry	Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price	Cash
Exercise/ Strike/ Conversion Price	Malaysian Ringgit (MYR) 0.1500
Exercise/ Conversion Ratio	1:1
Settlement Type / Convertible into	Physical (Shares)
Last Date & Time of Trading	11 Nov 2019 05:00 PM
Date & Time of Suspension	12 Nov 2019 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c	20 Nov 2019 04:00 PM
Date & Time of Expiry	27 Nov 2019 05:00 PM
Date & Time for Delisting	28 Nov 2019 09:00 AM

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6317377

Attachments Notice on Expiry of Warrants (attachment).pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	18,545	36,649	46,710	70,210
2	Profit/(loss) before tax	1,017	-525	434	-511
3	Profit/(loss) for the period	833	-1,335	-443	-1,826
4	Profit/(loss) attributable to ordinary equity holders of the parent	492	-1,509	-729	-2,493
5	Basic earnings/(loss) per share (Subunit)	0.05	-0.21	-0.08	-0.34
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0800		0.0900

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Name	BERTAM ROADBASE SDN BHD
Address	Level 6, Wisma Miramas No. 1, Jalan 2/109E Taman Desa, Jalan Klang Lama Kuala Lumpur 58100 Wilayah Persekutuan Malaysia.
Company No.	201001039607 (923531-P)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	04 Dec 2019	26,000,000	Disposed	Direct Interest
	Name of registered holder	Bertam Roadbase Sdn Bhd
	Address of registered holder	Level 6, Wisma Miramas, No. 1, Jalan 2/109E, Taman Desa, Jalan Klang Lama, 58100 Kuala Lumpur Wilayah Persekutuan
	Description of "Others" Type of Transaction	-
2	04 Dec 2019	5,000,000	Disposed	Direct Interest
	Name of registered holder	Bertam Roadbase Sdn Bhd
	Address of registered holder	Level 6, Wisma Miramas, No. 1, Jalan 2/109E, Taman Desa, Jalan Klang Lama, 58100 Kuala Lumpur Wilayah Persekutuan
	Description of "Others" Type of Transaction	-
3	05 Dec 2019	3,000,000	Disposed	Direct Interest
	Name of registered holder	Bertam Roadbase Sdn Bhd
	Address of registered holder	Level 6, Wisma Miramas, No. 1, Jalan 2/109E, Taman Desa, Jalan Klang Lama, 58100 Kuala Lumpur Wilayah Persekutuan
	Description of "Others" Type of Transaction	-
4	06 Dec 2019	6,000,000	Disposed	Direct Interest
	Name of registered holder	Bertam Roadbase Sdn Bhd
	Address of registered holder	Level 6, Wisma Miramas, No. 1, Jalan 2/109E, Taman Desa, Jalan Klang Lama, 58100 Kuala Lumpur Wilayah Persekutuan
	Description of "Others" Type of Transaction	-

Circumstances by reason of which change has occurred	1. Disposal of 26,000,000 shares via Direct Business Transaction2. Disposal of 14,000,000 shares in open market
Nature of interest	Direct Interest
Direct (units)	80,000,000
Direct (%)	8.683
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	80,000,000
Date of notice	06 Dec 2019
Date notice received by Listed Issuer	06 Dec 2019

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MINETECH RESOURCES BERHAD

Information Compiled By KLSE

Particulars of Director

Name	MR CHIN LEONG CHOY
Descriptions(Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of transaction	Nature of Interest
1	06/01/2020	18,000,000	Acquired	Direct Interest
	Name of registered holder	Chin Leong Choy
	Description of "Others" Type of Transaction	-
	Consideration (if any)	RM0.085 per share

Circumstances by reason of which change has occurred	Acquisition of shares in open market
Nature of interest	Direct Interest

Total no of securities after change
Direct (units)	19,000,000
Direct (%)	2.062
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0.000
Date of notice	07/01/2020
Date notice received by Listed Issuer	07/01/2020

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MINETECH RESOURCES BERHAD

Particulars of substantial Securities Holder

Name	BERTAM ROADBASE SDN BHD
Address	Level 6, Wisma Miramas No. 1, Jalan 2/109E Taman Desa, Jalan Klang Lama Kuala Lumpur 58100 Wilayah Persekutuan Malaysia.
Company No.	201001039607 (923531-P)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	06 Jan 2020	28,000,000	Disposed	Direct Interest
	Name of registered holder	Bertam Roadbase Sdn Bhd
	Address of registered holder	Level 6, Wisma Miramas, No. 1, Jalan 2/109E, Taman Desa, Jalan Klang Lama, 58100 Kuala Lumpur Wilayah Persekutuan
	Description of "Others" Type of Transaction	-
2	06 Jan 2020	2,303,800	Disposed	Direct Interest
	Name of registered holder	Bertam Roadbase Sdn Bhd
	Address of registered holder	Level 6, Wisma Miramas, No. 1, Jalan 2/109E, Taman Desa, Jalan Klang Lama, 58100 Kuala Lumpur Wilayah Persekutuan
	Description of "Others" Type of Transaction	-

Circumstances by reason of which change has occurred	1. Disposal of 28,000,000 shares via Direct Business Transaction.2. Disposal of 2,303,800 shares in open market.
Nature of interest	Direct Interest
Direct (units)	49,696,200
Direct (%)	5.394
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	49,696,200
Date of notice	08 Jan 2020
Date notice received by Listed Issuer	08 Jan 2020

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Notice of Person Ceasing (Section 139 of CA 2016)

MINETECH RESOURCES BERHAD

Particulars of Substantial Securities Holder

Name	BERTAM ROADBASE SDN BHD
Address	Level 6, Wisma Miramas No. 1, Jalan 2/109E Taman Desa, Jalan Klang Lama Kuala Lumpur 58100 Wilayah Persekutuan Malaysia.
Company No.	201001039607 (923531-P)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Date of cessation	07 Jan 2020
Name & address of registered holder	Bertam Roadbase Sdn BhdLevel 6, Wisma MiramasNo. 1, Jalan 2/109ETaman Desa, Jalan Klang Lama58100 Kuala Lumpur Wilayah Persekutuan

No of securities disposed	9,696,200
Circumstances by reason of which a person ceases to be a substantial shareholder	1. Disposal of 6,000,000 shares via Direct Business Transaction.2. Disposal of 3,696,200 shares in open market.
Nature of interest	Direct Interest
Date of notice	08 Jan 2020
Date notice received by Listed Issuer	08 Jan 2020

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Type	Announcement
Subject	OTHERS
Description	Minetech Resources Berhad ("MRB" or "the Company") - Letter of Award from GLM Emerald Square (Cheras) Sdn Bhd to Minetech Construction Sdn Bhd, a wholly-owned subsidiary of the Company for the Execution and Completion of Upgrading Works along Cheras Kajang Expressway (CKE) for the proposed Emerald 9 Cheras Development on Lot 809 and 810, Mukim Cheras, Daerah Hulu Langat, Selangor Darul Ehsan
Introduction The Board of Directors of MRB (“Board”) is pleased to announce that Minetech Construction Sdn Bhd [Registration No. 198901007269 (184572-W)] ("MCSB"), a wholly-owned subsidiary of MRB had on 10 January 2020 accepted a Letter of Award dated 20 December 2019 from GLM Emerald Square (Cheras) Sdn Bhd [Registration No. 201501001473 (1126805-P)] appointing MCSB as contractor to undertake and complete the Upgrading Works along Cheras – Kajang Expressway (CKE) for the proposed Emerald 9 Cheras Development on Lot 809 and 810, Mukim Cheras, Daerah Hulu Langat, Selangor Darul Ehsan at a contract value of RM27.688 million (“Contract”). The physical construction work is expected to complete by second quarter of 2022. Financial Effects The Contract is expected to contribute positively to the revenue, earnings and net assets of MRB Group for financial year ending 31 March 2021. The Contract will not have any impact on the share capital and/or shareholding structure of MRB. Risk Factors The Contract is subject to normal business risks such as increase in cost due to any escalation of material costs and availability of skilled manpower. MRB Group management would put in place control measures and operational procedures to reduce the impact or likelihood of such events. The Board believes that the Group is able to mitigate any of the aforesaid risk factors. Directors’ and/or major shareholders’ interests None of the Directors and/ or Major Shareholders of MRB and/or persons connected to them has any interest, direct or indirect, in the Contract. Directors’ Statement The Board of Directors, after considering amongst others, the potential financial benefits arising from the Contract, is of the opinion that the acceptance of the Letter of Award is in the best interest of MRB Group. This announcement is dated 10 January 2020.

Tony-Pua

RM 0.235........

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

MINETECH RESOURCES BERHAD

Particulars of Substantial Securities Holder

Name	ENCIK AWANG DAUD BIN AWANG PUTERA
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Name & address of registered holder	Affin Hwang Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Awang Daud Bin Awang Putera (M05)Ground Floor, Shoplot No 3,Block 49 of Parent Lot 2646,Jalan Parkcity Commercial Square97000 BintuluSarawak

Date interest acquired & no of securities acquired
Date interest acquired	11 Feb 2020
No of securities	49,300,000
Circumstances by reason of which Securities Holder has interest	Acquisition of shares via open market - Direct Interest
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	49,300,000
Direct (%)	5.351
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	12 Feb 2020
Date notice received by Listed Issuer	12 Feb 2020

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Type	Announcement
Subject	OTHERS
Description	Minetech Resources Berhad ("MRB" or "the Company") - Distributor Agreement Between Konsep Khas Sdn Bhd and Krohne (M) Sdn Bhd
INTRODUCTION The Board of Directors of MRB wishes to announce that Konsep Khas Sdn Bhd [Registration No. 201701013925 (1228090-M)] (“KKSB”), an associate company of MRB has on 18 February 2020 entered into a Distributor Agreement (“Agreement”) with Krohne (M) Sdn Bhd [Registration No. 200601024941 (744695-P)] (“Krohne”) of Axis Business Campus, Unit G.01, Block B, No. 13A & 13B, Jalan 225 Seksyen 51A, 46100 Petaling Jaya, Selangor Darul Ehsan to be appointed as a distributor and service partner of the following Krohne’s products and spare parts (“Products”) to the general industry in East Malaysia:- Krohne Flow Products Krohne Level Products Krohne Temperature Products Krohne Pressure Products Krohne Analytical Products Krohne Oil & Gas Products INFORMATION ON THE AGREEMENT The Agreement will become effective on 18 February 2020 and it shall have an initial term of one (1) year unless terminated earlier in accordance with the Agreement. At the end of the Agreement, KKSB and Krohne may consider entering into negotiation regarding possible extension of the Agreement. During the term of the Agreement, KKSB shall not be authorised to distribute Products outside East Malaysia and shall refer all inquiries, orders, requests for proposal or the like with respect to Products from locations outside East Malaysia to Krohne. Krohne will not appoint any other distributor for the Products in the East Malaysia, but, however, reserves the right to sell the Products directly to any customer within East Malaysia. INFORMATION ON KKSB KKSB is a company incorporated in Malaysia with its domicile at D-G-5, Block D, Parklane Commercial Hub, No. 21, Jalan SS7/26, Kelana Jaya, 47301 Petaling Jaya, Selangor Darul Ehsan. As at the date of this announcement, the total issued share capital of KKSB is RM400,000.00 comprising of 400,000 ordinary shares. KKSB is principally engaged in the following:- Wholesale of a variety of goods without any particular specialisation Trading in all ancillary and related equipment for oil and gas work Advertising contractors or agents, publicity and marketing specialist The Directors of KKSB are Mr Chin Leong Choy, Mr Yee Kon Sin and Mr Jeremy Kho Boon Seng while the shareholders of KKSB and their respective shareholdings are as follows: Shareholders Number of shares % of shareholding Jeremy Kho Boon Seng 280,000 70% Minetech Resources Berhad 120,000 30% RATIONALE/ PURPOSE OF THE AGREEMENT The Agreement provides opportunity for the MRB Group to expand its revenue sources. The Agreement is expected to contribute positively to the future financial position of the MRB Group. FINANCIAL EFFECTS OF THE AGREEMENT (i) Share Capital and Substantial Shareholders’ shareholdings The Agreement will not have any effect on the issued and paid-up share capital and the substantial shareholders’ shareholdings of MRB Group as it does not involve any issuance of new shares by MRB Group. (ii) Earnings Per Share The Agreement is not expected to have any material effect on the earnings per share of MRB Group for the financial year ending 31 March 2020. (iii) Net Assets Per Share and Gearing The Agreement will not have any material effect on the net assets per share and gearing of the MRB Group. APPROVALS REQUIRED The Agreement is not subject to the approval of the Company’s shareholders. RISK FACTORS The Company does not expect any material risk arising from the Agreement other than the normal operational risk associated with the Agreement, which the Company would take appropriate measures to minimise it. DIRECTORS’ AND/OR MAJOR SHAREHOLDERS’ INTEREST None of the Directors and/or Major Shareholders of MRB and/or persons connected to them has any interest, direct or indirect, in the Agreement. DIRECTORS’ STATEMENT The Board of Directors of MRB, after having considered the terms and conditions of the Agreement and all the relevant aspects including the rationale, prospects and financial effects of the Agreement, is of the opinion that the Agreement is in the best interest of the MRB Group. This announcement is dated 18 February 2020.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	19,198	38,595	65,908	108,805
2	Profit/(loss) before tax	459	-2,002	893	-2,513
3	Profit/(loss) for the period	225	-2,291	-218	-4,117
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,180	-2,192	451	-4,685
5	Basic earnings/(loss) per share (Subunit)	0.13	-0.30	0.05	-0.64
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0800		0.0900

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MINETECH RESOURCES BERHAD

Date of change	31 Mar 2020
Name	MR CHOY SEN @ CHIN KIM SANG
Age	67
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Chairman
New Position	Executive Director
Directorate	Executive

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

Working experience and occupation	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Mr Choy Sen @ Chin Kim Sang is the father of Mr Chin Leong Choy, the Group Executive Director and substantial shareholder of the Company.
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest : 182,097,020 ordinary sharesIndirect Interest: 48,056,100 ordinary shares

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Date of change	31 Mar 2020
Name	DATO' AWANG DAUD BIN AWANG PUTERA
Age	59
Gender	Male
Nationality	Malaysia
Designation	Executive Chairman
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Professional Qualification	-	The Chartered Institute of Logistics and Transport Malaysia	Conferred as Chartered Fellow in 2018
2	Masters	Mechanical Engineering	Universitas Pancasila, Jakarta, Indonesia	Graduated in 2007
3	Degree	Bachelor of Science in Mechanical Engineering	University of the East, Philippines	Graduated in 1994

Working experience and occupation	Dato' Awang Daud Bin Awang Putera has over 40 years of experience in the field of mechanical engineering. In 1980, he joined Ballast Nedam International (Malaysia) Sdn. Bhd. as a Mechanical Workshop Supervisor. Later he joined Daelim Ltd. as Heavy Equipment Millwright during the construction of Malaysia's first Liquefied Natural Gas Plant in Bintulu. Subsequently in 1983, he joined Malaysia LNG Sdn. Bhd. and was eventually promoted to Supervisor. He was a part of the pioneer group which set up the mechanical workshop for the first product of LNG and maintenance of Malaysia LNG Sdn. Bhd. Dato' Awang was the Co Founder of Serba Dinamik Sdn. Bhd. and was appointed as a Managing Director of Serba Dinamik Sdn. Bhd. in 1993. He was later re-designated as Deputy Managing Director in 2016. Currently he is a Non-Independent and Non-Executive Director, a member of Investment Committee and Management Committee of Serba Dinamik Holdings Berhad.
Directorships in public companies and listed issuers (if any)	Serba Dinamik Holdings Berhad
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest : 150,000,000 ordinary shares

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MINETECH RESOURCES BERHAD

Date of change	03 Apr 2020
Name	ENCIK AWGKU MOHD REZA FARZAK BIN AWG DAUD
Age	36
Gender	Male
Nationality	Malaysia
Designation	Non Executive Director
Directorate	Non Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Professional Qualification	-	Chartered Institute of Logistics & Transport (CILT) International, UK	Chartered Member
2	Masters	Industrial Engineering Technology	University Malaysia, Pahang	-

Working experience and occupation	Encik Awgku Mohd Reza Farzak Bin Awg Daud began his corporate career in the oil and gas industry with Serba Dinamik Sdn. Bhd. in 2004 as an Assistant Project Manager. During his tenure with the Serba Dinamik's Group, he played an instrumental role in the successful completion of more than 40 maintenance, repair and overhaul projects which contributed significantly to Serba Dinamik's growth. Subsequently, in 2014, he started his own oil and gas MRO company, Trillion Axis Sdn. Bhd. to capture a slice of the MRO market in East Malaysia. In 2017, through the ADAP 40rty Group, he ventured into businesses ranging from realty, retailing, hospitality, tourism and travel, food and beverage, agriculture, deep sea fishery, ship management to advanced cooling systems and non-explosive rock breaking technology.He then co-founded ADAP Capital Sdn. Bhd. in 2019, an investment and private equity company. Since its incorporation, ADAP Capital Sdn. Bhd. has acquired significant stakes in several listed companies listed on Bursa Malaysia Securities Berhad. In 2020, he founded ADAP Kenyalang Holdings Sdn. Bhd., a Bintulu based investment holding and venture partner vehicle to enhance the hornbill state presence in the essential services sectors in Malaysia. Since the incorporation of ADAP Kenyalang Holdings Sdn. Bhd., the company is actively embarked into negotiation to purchase several tier-1 companies which involve in oil and gas and engineering and telecommunication industry. With over 15 years of experience in corporate world and as an entrepreneur, Encik Awgku Mohd Reza Farzak Bin Awg Daud is an Executive Director of 10 companies, Managing Director of 3 companies, Executive Chairman of a Tier-1 oil and gas company and member of the Board of several companies.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Encik Awgku Mohd Reza Farzak Bin Awg Daud is the son of Dato' Awang Daud Bin Awang Putera, the Executive Chairman of the Company.