【LFECORP 7170 交流专区】隆发工程

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隆发工程明日起脱离PN17行列
By Gho Chee Yuan / theedgemarkets.com   | January 5, 2017 : 7:33 PM MYT

（吉隆坡5日讯）工程公司隆发工程（LFE Corp Bhd）将从明日（1月6日），上午9时正起脱离PN17公司的行列。

隆发工程今日向大马交易所报备指，该集团在重组财务状况和业务运作后，已不再触犯马交所主板上市条例PN17第2.1项的任何条例，因而脱离受困于PN17公司的命运。

文告指出：“在充分考虑过所有事实及情况后，马交所已决定批准本集团脱离PN17公司行列的申请。”

隆发工程2012财政年（截至2012年7月31日止）的未审核的财报显示，股东持股权少于其已发行和缴足股本的25%，该集团因而在2012年10月1日被列为PN17公司。

这是由于隆发工程对一名前任董事所欠下2650万令吉欠款全数减值之故。

2013年2月28日，该集团与其计划债权人和债务人签订一项债务重组协议（DRA）。

根据2016年的年度报告：“这项债务重组协议敲定了重组计划和债务人偿还债务予债权人的条款与条件。”

随后，MIDF投资银行研究（MIDF Investment Bank Bhd）在2013年9月30日宣布，隆发工程献议进行一系列企业活动，包括资本回退、削减股票溢价户头、发行附加股、私下配股，以及清偿债务。

该集团在2014年6月17日与计划债权人和债务人签署一项补充债务重组协议，以修改之前所签订的债务重组协议里的某些条款与条件。

隆发工程在2014年7月25日向马交所提呈一项重组计划，并于2015年5月7日获马交所批准。

根据隆发工程，这项重组计划包括发行高达4245万股附加股、私下配售6667万股新股，以及根据债务结算发行1119万股。

（编译：倪嫣鴽）

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN
Description	LFE CORPORATION BERHAD ("LFE" OR THE "COMPANY") - REGULARISATION PLANUPLIFTMENT FROM PRACTICE NOTE 17 (PN17) STATUS
REGULARISATION PLAN TO REGULARISE ITS FINANCIAL CONDITIONS AND LEVEL OF OPERATIONS PURSUANT TO PARAGRAPH 8.04 AND PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("REGULARISATION PLAN") (Unless otherwise stated, the definitions used herein shall have the same meanings as set out in LFE's announcement dated 30 September 2013.) Reference is made to the earlier announcements made by MIDF Investment on behalf of LFE pertaining to the Regularisation Plan. On behalf of the Board of Directors of LFE, MIDF Investment is pleased to announce that Bursa Securities vide its letter dated 5 January 2017 has approved LFE's application for a modification of compliance with Paragraph 5.2(C) of PN17 of the Main Market Listing Requirements (“Modification Application”) based on the net profit for the 3-months financial period ended (“FPE”)  31 July 2016 and 3-months FPE 31 October 2016, after the completion of the implementation of the Company’s Regularisation Plan. In the same letter, Bursa Securities has noted that LFE has regularised its financial condition and level of operations and LFE no longer triggers any of the criteria under paragraph 2.1 of PN17 of the Main Market Listing Requirements. After due consideration of all facts and circumstances of the application, Bursa Securities has decided to approve LFE's application to Bursa Securities for an upliftment of its PN17 status and that the upliftment of LFE from being classified as a PN17 company will be effective on 6 January 2017. Bursa Securities has reminded that a public listed company must on a continuing basis undertake an assessment of its financial condition and level of operations to determine whether it triggers any of the criteria under Paragraph 2.1 of PN17 of the Main Market Listing Requirements.

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Notice of Interest Sub. S-hldr (29A)

LFE CORPORATION BERHAD

Particulars of Substantial Securities Holder

Name	MR LIEW KIAM WOON
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM0.30 each
Name & address of registered holder	Liew Kiam Woon5, Jalan BataiDamansara Heights50490 Kuala Lumpur

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	12 Jan 2017
No of securities	9,531,720
Circumstances by reason of which Securities Holder has interest	Direct Business Transfer
Nature of interest	Direct Interest
Price Transacted ($$)
Total no of securities after change
Direct (units)	17,118,008
Direct (%)	9.47
Indirect/deemed interest (units)	8,529,958
Indirect/deemed interest (%)	4.7
Date of notice	16 Jan 2017

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	LFE CORPORATION BERHAD ("LFE" OR "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LFE ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of LFE, MIDF Amanah Investment Bank Berhad wishes to announce that the Company proposes to undertake a private placement of up to ten percent (10%) of the issued and paid-up share capital of LFE to third party investor(s) to be identified later. Further details of the Proposed Private Placement are set out in the attachment enclosed. This announcement is dated 17 January 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5316317

Attachments LFE - Proposed Private Placement 170117.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2017	31 Jan 2016	31 Jan 2017	31 Jan 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	5,471	8,349	8,818	12,281
2	Profit/(loss) before tax	538	322	1,062	610
3	Profit/(loss) for the period	538	322	1,062	610
4	Profit/(loss) attributable to ordinary equity holders of the parent	538	322	1,062	610
5	Basic earnings/(loss) per share (Subunit)	0.30	0.22	0.59	0.41
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2800		0.3100

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Date of change	24 May 2017
Name	DATO ROSTHMAN BIN IBRAHIM
Age	45
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Pursuing to other personal interest
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications	He holds a Bachelor of Science in Management (Finance) from Case Western Reserve University, Cleveland Ohio, USA and Diploma in Business Studies from MARA Institute of Technology.
Working experience and occupation	He started his career as a Corporate Banking Officer in 1996 with Chung Khiaw Bank (M) Bhd and from 1996 till 1999 he was the Corporate Advisory Manager of Business Focus Sdn Bhd. In 1999, he joined Pengurusan Danaharta Nasional Berhad as an Executive. He then joined Crowe Horwath Advisory Sdn Bhd in November 2008 as Principal, Corporate Advisory. He left Crowe Horwath Advisory Sdn Bhd in January 2010 to join Shapadu Corporation Sdn Bhd. as Group Executive Director; a position he holds until now.
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest: 200,000 Ordinary Shares

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2017	30 Apr 2016	30 Apr 2017	30 Apr 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,901	8,401	11,719	20,682
2	Profit/(loss) before tax	206	357	1,269	968
3	Profit/(loss) for the period	136	357	1,199	968
4	Profit/(loss) attributable to ordinary equity holders of the parent	136	357	1,199	968
5	Basic earnings/(loss) per share (Subunit)	0.08	0.24	0.66	0.65
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2700		0.3100

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2017	31 Jul 2016	31 Jul 2017	31 Jul 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,902	5,324	13,621	26,007
2	Profit/(loss) before tax	-2,895	489	-1,626	1,458
3	Profit/(loss) for the period	-2,897	405	-1,698	1,374
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,897	405	-1,698	1,374
5	Basic earnings/(loss) per share (Subunit)	-1.60	0.27	-0.94	0.92
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2500		0.3100

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LFE CORPORATION BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private placement of up to 18,156,570 new ordinary shares in LFE representing up to 10% of the total number of issued shares of LFE
No. of shares issued under this corporate proposal	4,255,319
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2350
Par Value($$) (if applicable)	Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units	185,821,021
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 55,469,710.570
Listing Date	10 Oct 2017

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Type	Announcement
Subject	OTHERS
Description	LFE CORPORATION BERHAD ("LFE" or "the Company")DISPOSAL OF LFE ENGINEERING (VIETNAM) COMPANY LIMITED
The Board of Directors of LFE wishes to announce that LFE Engineering (JB) Sdn. Bhd. (“the Vendor”), the wholly-owned subsidiary of LFE had on 15 November 2017 entered into an agreement with Windward OSV Limited to dispose of its entire equity interest in the capital of LFE Engineering (Vietnam) Company Limited for a cash consideration of RM2.00. The details of the announcement is attached herewith. This announcement is dated 15 November 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5603217

Attachments LFE-Disposal of LFE Vietnam.pdf

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
Description	LFE CORPORATION BERHADQUALIFIED OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 JULY 2017
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of LFE Corporation Berhad (“the Company”) hereby announces that the details on material uncertainty related to going concern in the external auditors’ report for the financial year ended 31 July 2017 as follows:- KEY AUDIT MATTERS The following key audit matters are extracted from the auditors’ report for the financial year ended 31 July 2017: Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the Group and of the Company of the current financial year. These matters were addressed in the context of our audit of the financial statements of the Group and of the Company as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. In addition to the matter described in the Material Uncertainty Related to Going Concern section, we have determined the matters below to be the key audit matters to be communicated in our report. Revenue recognition on construction contract (Refer to Note 3(g), 4(a) and 22 to the financial statements) We focused on this area because the revenue and related costs recognised in the construction business require the Directors to apply significant accounting estimates. The revenue and related costs recognised in profit or loss by using the stage of completion method is determined by reference to costs incurred for work performed to date against the estimated total costs for each project. The estimated total revenue and costs are affected by a variety of uncertainties that depend on the outcome of future events. Our response: Our audit procedure on a sample of major projects included among others: Evaluating the design and assessing the implementation of controls over the Group’s process in recording project costs, preparing project budget and calculating the stage of completion; Review management’s critical assumptions by comparing to contractual terms, historical margin and our understanding gathered from the analysis of changes in assumptions from previous year; Discussing the progress of the projects and expected outcome with the respective project directors to obtain an understanding of the basis on which the estimates are made; Assessing the reasonableness of computed stage of completion for identified projects against architect certificate or progress report and the physical completion; Checked the extent of costs incurred to date on significant projects by agreeing a sample of costs incurred to supporting documentation; Testing the mathematical computation of the recognised revenue and expenses during the financial year; and Conducted site visit on significant projects. Valuation of investment in joint ventures (Refer to Notes 3(i), 4(d) and 8 to the financial statements) The Group has investment in joint ventures which are located in Abu Dhabi, United Arab Emirates. As at 31 July 2017, the carrying amount of investment in joint ventures amounted to RM38,888,166, which represented approximately 54% of the Group’s total assets. These joint ventures own leasehold land and office floor buildings held for sale amounting to RM54,023,747. Significant estimates are used by management in order to determine the valuation and recoverability of these leasehold land and office floor building and its resultant effect on the Group’s investment in joint ventures. Our response: Our procedures in relation to the valuation of interests in joint ventures included: Involvement and communicate with the component auditors on their work performed on these joint ventures; Discuss with the Management and component auditors on the use of the independent valuer’s work on the valuation of the leasehold land and building; and Assessing the reasonableness of key inputs and assumptions used by the independent valuer’s in their estimation of the recoverable amounts. Impairment of trade receivables (Refer to Notes 3(h), 4(c) and 10 to the financial Statement) As at 31 July 2017, the Group’s trade receivables stood at RM11,901,189. We focused on this area due to the inherent subjectivity in making judgements in relation to credit risk exposures in determining the recoverability of trade receivables. Our response: We obtained an understanding on the Group’s credit control and analysed the trade receivables ageing. Our audit procedures on long outstanding of customer included, among others: •     Scrutinised the trade receivables ageing and investigate unusual trends and conditions; •     Reviewed long outstanding receivables with consideration of subsequent collections   after the end of the reporting period; •     For exceptions noted, evaluated and challenged management’s judgements on assembly their recoverability and impairment assessment, taking into account specific known customer circumstances and correspondence, including status updates on reconciliation process; and •     Assessing the adequacy of the Group and the Company’s disclosures in respect of credit risk. MATERIAL UNCERTAINTY RELATED TO GOING CONCERN We draw attention to Note 2(a) in the financial statements, which indicates that the Group and the Company incurred a net loss of RM1,697,757 and RM1,233,056 respectively during the financial year ended 31 July 2017. In addition, the Group and the Company have delayed in meeting their operational obligation. The ability of the Group and of the Company to continue as a going concern is dependent on the timely and successful completion of its existing project, the timely collection of the trade receivables from companies in which a Director of the Company has vested interest, amount owing by an associate company, LFE Engineering (Qatar) W.L.L. and the timely completion of the planned disposal of LFE Engineering Vietnam Company Limited. Our opinion is not modified in respect of this matter. Steps taken or proposed to be taken to address the material uncertainty related to going concern The Directors of the Company are of the opinion that the preparation of the financial statements of the Group on a going concern basis remains appropriate given the following measures being taken or will be taken by the Group to mitigate the existence of material uncertainty  on going concern and to meet its obligations falling due within the next 12 months which, include amongst others:- 1)The Management is more aggressive in collecting the total receivables of RM11,901,189. 2)The RUMA Project is on-going and the Management is aggressively looking for new projects. The timeline for the abovementioned steps pertaining to material uncertainty related to going concern is twelve (12) months from the date of the announcement. This announcement is dated 27 November 2017.

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隆发工程首季亏107万

2017年12月22日
（吉隆坡21日讯）于今年初脱离PN17行列的隆发工程（LFECORP，7170，主板贸服股），在截至10月杪的2018财年首季，蒙受净亏107万4000令吉或每股0.58仙。

隆发工程今天向交易所报备，去年同期为净利52万4000令吉或每股0.29仙。

营业额也从去年的334万7000令吉，减少20.4%至266万4000令吉。

据隆发工程季度财报，主要业务建筑和电机工程业务营收按年减少，加上投资控股方面持续蒙受亏损，导致首季陷入净亏。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2017	31 Oct 2016	31 Oct 2017	31 Oct 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,664	3,347	2,664	3,347
2	Profit/(loss) before tax	-1,074	524	-1,074	524
3	Profit/(loss) for the period	-1,074	524	-1,074	524
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,074	524	-1,074	524
5	Basic earnings/(loss) per share (Subunit)	-0.58	0.29	-0.58	0.29
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2400		0.2400

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竞標5亿工程　隆发冀2018翻身

財经 最后更新 2017年12月20日
（吉隆坡20日讯）今年1月份成功脱离PN17行列的隆发工程（LFECORP，7170，主板贸服股），希望能够在2018財政年（7月31日结账）转亏为盈。

该公司董事经理刘剑文在今天股东大会后，对记者表示，只要能增加手持的订单量，该公司有信心可以转亏为盈。他也称，2018財政年不会有大笔的减值。

刘剑文透露，该公司正在参与9项工程的招標，总值5亿7000万令吉。「我们希望能够贏得一些工程，並在明年开工。」

他表示，正在招標的工程不会受商场和高价住宅冻结令的影响，因为估计该政策的影响会在2至3年后才显现。

2017財政年的表现欠佳，主要是因为一些合约完成后，公司营业额按年大减41.47%，至1338万令吉。此外，因3项一次性的减值，该公司蒙受170万令吉的亏损。截至7月31日，现金流为负6万6279令吉。

求售阿联酋资產

刘氏称，隆发工程正在积极与买家討论脱售阿联酋阿布达比的资產。有关资產由该公司旗下的联营公司持有。根据年报中的独立审计师报告，该资產的估值为约5402万令吉，包含2片地皮及办公室。若成功脱售有关资產，相信能对其现金流和盈利大有助益。

该公司的核心业务包括机电工程（M&E）业务和建筑业务，其中前者占了2017財政年营业额的76%。

隆发工程预计明年次季將开始参与捷运2號线（MRT2）工程的竞標。「已经有客户就捷运站的工程向我们咨询。有鉴於捷运站的主要承包商已经签约，相信明年次季將开始进行分包工程的招標。」此外，该公司也希望参与將由金务大（GAMUDA，5398，主板建筑股）释出的捷运隧道工程招標。至於捷运3號线（MRT3），他预计机电工程在未来1至2年才会进行招標。

该公司目前手持2项订单，总值5000万令吉，其中一项將在明年4月份完工，另一项则將在未来1年半完工。

询及双双延迟动工的布城综合发展项目和伦敦酒店项目，刘氏表示，布城综合项目的延迟，是由於市场疲弱，客户正打算取消原本兴建酒店的计划；而伦敦项目方面，客户希望將旧的酒店拆除，兴建新酒店，但尚未得到当地政府的批准。他坦言，现在仍不知道这2个项目何时会开工。

这2项工程合约都是由该公司大股东Shapadu集团颁发。

隆发工程傍晚公佈2018財政年首季（截至10月31日止）业绩。该公司蒙受107万令吉的亏损，前期净赚52万令吉。营业额按年下跌20.41%，至266万令吉，前期为335万令吉。【东方网财经】

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Type	Announcement
Subject	OTHERS
Description	LFE CORPORATION BERHAD ("LFE" or "the Company")DISPOSAL OF MEDIAFORTE HOLDINGS SDN. BHD.
The Board of Directors of LFE wishes to announce that LFE had disposed of its 25.5% equity interest in Mediaforte Holdings Sdn. Bhd. The details of the announcement is attached herewith. This announcement is dated 15 March 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5725201

Attachments LFE-Disposal of Mediaforte.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2018	31 Jan 2017	31 Jan 2018	31 Jan 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	5,663	5,471	8,327	8,818
2	Profit/(loss) before tax	-1,346	538	-2,419	1,062
3	Profit/(loss) for the period	-1,346	538	-2,419	1,062
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,346	538	-2,419	1,062
5	Basic earnings/(loss) per share (Subunit)	-0.72	0.30	-1.30	0.59
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2100		0.2400

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2018	30 Apr 2017	30 Apr 2018	30 Apr 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,301	2,901	10,628	11,719
2	Profit/(loss) before tax	-1,471	206	-3,889	1,269
3	Profit/(loss) for the period	-1,471	136	-3,889	1,199
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,471	136	-3,889	1,199
5	Basic earnings/(loss) per share (Subunit)	-0.79	0.08	-2.09	0.66
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2100		0.2400

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Type	Announcement
Subject	OTHERS
Description	LFE CORPORATION BERHAD ("LFE" or "the Company")DISPOSAL OF LFE ENGINEERING - QATAR (W.L.L.)
The Board of Directors of LFE wishes to announce that LFE Engineering Sdn. Bhd. (“the Vendor”), the wholly-owned subsidiary of LFE had entered into an agreement with Apex Goodwill Limited to dispose of its 49% equity interest in the capital of LFE Engineering - Qatar (W.L,L,) for a cash consideration of USD100. The details of the announcement is attached herewith. This announcement is dated 31 July 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5871133

Attachments LFE-Disposal of LFE Qatar.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2018	31 Jul 2017	31 Jul 2018	31 Jul 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,472	1,660	12,100	13,379
2	Profit/(loss) before tax	-4,733	-2,896	-8,623	-1,626
3	Profit/(loss) for the period	-4,733	-2,898	-8,623	-1,698
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,733	-2,898	-8,623	-1,698
5	Basic earnings/(loss) per share (Subunit)	-2.56	-1.60	-4.66	-0.94
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1900		0.2400

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Change in Financial Year End

LFE CORPORATION BERHAD

Old financial year end	31 Jul 2018
New financial year end	31 Dec 2018

Remarks :

The Companies Commission of Malaysia has on 18 October 2018 approved the Company's application for change of its financial year end from 31 July to 31 December. The next financial statements of the Company shall be made up from 1 August 2017 to 31 December 2018 covering a period of 17 months. Thereafter, the financial year end of the Company shall end on 31 December for each subsequent year. The rational for change in financial year end is in line with the internal restructuring.