The Board of Directors of Sancy wishes to announce that the Company had on 9 January 2024 received a notice in writing dated 9 January 2024 pursuant to Section 281(1) of the Companies Act 2016 from RSM Malaysia PLT (202206000002) (LLP0030276-LCA & AF 0768) (“RSM Malaysia”) on their resignation as Auditors of the Company and their term of office will end after twenty-one (21) days from the date of the notice beginning from 9 January 2024. 

RSM Malaysia was re-appointed as the Auditors of the Company at the last Annual General Meeting ("AGM") of the Company held on 7 September 2023 to hold office until the conclusion of the next AGM of the Company

The Board wishes to inform that the Company is not aware of any other matters that may be required to be brought to the attention of the shareholders of Company.

The Board also wishes to announce that the members of the Board had nominated to appoint PCCO PLT [LLP0000506-LCA (AF1056)] (“PCCO”) as the replacement auditors of the Company after assessing their capabilities, independence and proposed audit fees.

The appointment of PCCO as the new Auditors of the Company is subject to the Company receiving the written consent to act as Auditors of the Company from PCCO pursuant to Section 264(5) of the Companies Act 2016.

Further announcement will be made by the Company once the written consent has been received.

This announcement is dated 9 January 2024.