Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the previous PN17 announcements.
Reference is made to all previous PN17 announcements made by the Company.
Pursuant to Paragraph 4.1 of PN17, the Board of Directors of PETONE wishes to inform that the Company had on 8 February 2018, submitted an application to Bursa Securities seeking its approval for an extension period of six (6) months up to 11 August 2018 for the Company to complete the implementation of its Proposed Regularisation Plan as per the Company's announcement dated 8 February 2018.
Further developments of the above matter will be announced to Bursa Securities in due course.
This announcement is dated 1 March 2018.