We wish to draw your attention to the following amendments made to our Q4 FY2016 Quarterly Report announced last Friday (27 May 2016). 

(A) To insert "The Company has on 14 April 2016 submitted an application letter to Bursa Securities requesting an extension of time and is awaiting approval of the same by Bursa Securities." after paragraph 3 of Note 7, Part B.

(B) Part B Note 7 page 13, paragraphs 4 onwards ("Further to the company announcements on 26 May 2016,,,,,,,,,,,") to be replaced by the following paragraphs:

"On 26 May 2016, Versatile Creative Berhad (VCB or Company) announced that the Company had received  a letter of offer from Oriental Mace Sdn Bhd (Oriental) (LOA) as the main contractor for the construction of a Halal Vaccine Plant and a Pharmaceutical Plant & Research Centre located at Bandar Enstek, Negeri Sembilan (Construction Project).

The principal terms and conditions of the LOA are as follows:

a)	The contract sum of the Construction Project is amounting to US$69,300,000 (US Dollar sixty nine million three hundred thousand) only, equivalent to approximately RM283,125,150 (based on the exchange rate of US$1.0000:RM4.0855;

b)	The scope of work of the Construction Project will include civil engineering, infrastructure, M & E works and process equipment supply, installation and commissioning works ;and

c)	A formal main contractor agreement shall be entered into between the Company and Oriental comprising of the terms and conditions herein and such other terms and conditions in relation to, amongst others, the detailed scope of work, completion period, payment terms and others (Agreement) as the respective solicitors shall advise and agreed upon by both parties, after the acceptance of the LOA by the Company.  

On 27 May 2016, the Board of Directors of the Company (Board) has, via the Board meeting on even date, given their consent to pursue further to evaluate the viability and feasibility of the Construction Project.

The acceptance of the LOA is subject to further evaluation of the viability and feasibility of the Construction Project and the due diligence exercise to be conducted by the Company.

Furthermore, the Company will seek the approval from the shareholders of the Company for its intention to diversify the business of VCB and its subsidiaries into property development, construction, project management and property investment (Proposed Diversification).

The carry out of the Construction Project will be subject to the approval to be obtained from the shareholders of the Company in relation to the Proposed Diversification.

Announcements in relation to the further details of the Construction Project and the Proposed Diversification will be made upon the signing of the Agreement in due course."