ANNOUNCEMENT RELATING TO PERISAI PRODUCTION HOLDINGS SDN. BHD.
The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company” and together with its subsidiaries, the “Group”) refers to the announcement made on 18 January 2018 (“Previous Announcement”). Unless otherwise defined, terms used in the Previous Announcement shall have the same meanings when used herein. As previously announced, EVLB and the Company received a notice dated 15 January 2018 (the “Notice of Termination”) from a wholly-owned subsidiary of PPTB, PPHSB, of an alleged termination event (the “Termination Event”) enabling PPHSB to terminate a Shareholders’ Agreement