Armstrong

Armstrong: has received a non-binding indicative proposal from a consortium involving the major sh/h of the co that may result in the delisting of the company. The terms of the uncommitted proposal are still being negotiated btwn the members of the consortium. The group advises that there had speculations surrounding the abovementioned sh/h’s equity interest in the co in the past, which did not result in any transaction or agreement being consummated, and therefore there is no certainty as to whether a possible transaction will take place pursuant to the uncommitted proposal.