Statement by Clarence Ting Ing Horh, a Shareholder of Twinswood Sdn. Bhd.

suppadmin | December 30, 2017

A WORD FOR THE COMPANY BOARD:

This morning I read the newspaper with dismay that the company Twinswood which my family is an integral part of is appealing against the court decision of December 5th 2017.

The reason for the appeal is still a mystery but the continuing action after 3 court decisions in favor of Supp is particularly puzzling.

After the recent court decision on December 5th, one shareholder was quoted on the news saying the decision went against the wishes of the Late Dr Wong Soon Kai and he will leave to the wisdom of the Board to decide on the further action. Well, today the news reported on such wisdom OR the lack of wisdom..

The board continues to act without holding a shareholders meeting for 5 years, the court judgement gave the company Rm100,000 in debt, not to mention the unknown sum of lawyers fees incurring during the course of this case.

As a shareholder I am wondering who is going to pay for all these debts, when according to court documents the company has ONLY RM 500 in its bank account, the only fixed assets has been judged belonging to Supp.

Since the judgement the board of directors has yet to called any meeting to inform the shareholders of the debts incurred and none to inform of this further action. WHERE IS THE MONEY COMING FROM? I am concerned some external source is funding these actions, using this case as for their own personal agenda.

It is never good for any shareholder of a private company to bring concerns of the company into the public domain, but when such glaring neglect for shareholder rights are being practiced, my only avenue to view my concerns is this.

CLARENCE TING ING HORH

Letter of Administration Holder of LATE Ting Ming Hoi’s

20,000 shares