The Board of Directors of Lion Posim Berhad ("LPB") wishes to announce that the Company proposes to seek approval of its Shareholders for the following at its forthcoming 43rd Annual General Meeting to be convened:

(i)   proposed renewal of the shareholders' mandate for the LPB group of companies to enter into recurrent related party transactions of a revenue or trading nature with related parties ("Proposed Renewal"); and

(ii)  proposed amendments to the Constitution of the Company ("Proposed Amendments").

A Circular to Shareholders containing the information on the Proposed Renewal and the Proposed Amendments will be made available via electronic means to the Shareholders in due course.