【AVI 8885 交流专区】（前名 RPB）

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Type	Announcement
Subject	OTHERS
Description	Changes in Substantial / Major Shareholders
Please refer to the attachment for details of the announcement. This announcement is dated 15 July 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5149457

Attachments Letter to Bursa - 150716.pdf

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Date of change	27 Jul 2016
Name	DATUK MD WIRA DANI BIN ABDUL DAIM
Age	37
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Bachelor of Arts and Master of Arts from University of Cambridge.
Working experience and occupation	Datuk Md Wira Dani is actively involved in his family's merger and acquisitions business activities.  These activities relate to power resources in the coal and oil sectors in Malaysia, Indonesia and Africa.Currently he is a Non-Executive Director of Liongold Corp Ltd, a company listed on the Main Board of the Singapore Exchange (SGX), an Executive Chairman  of ISR  Capital Limited, a company listed on the SGX, a Non-Executive Director of GCM Resources PLC, a company listed on the London Stock Exchange and Chairman of Astute Capital Limited, a company incorporated in the British Virgin Islands.  He is also a director of the following private companies that are incorporated in Malaysia: Dani Sdn Bhd, Daza Holdings Sdn Bhd, Menara Ampang Sdn Bhd, Ibu Kota Developments Sdn Bhd, Maya Seni Holdings Sdn Bhd and Central Base (M) Sdn. Bhd.  He was previously a Non-Executive Director of Byford International Limited, a company listed on the Growth Enterprise Market of the Hong Kong Stock Exchange,and a Non-Executive Director and Deputy Chairman of Magnus Energy Group Ltd, a company listed on the Catalist Board of the SGX-ST.
Directorships in public companies and listed issuers (if any)	1)  Liongold Corp Ltd, a company listed on the Main Board of the Singapore Exchange (SGX), 2)  ISR  Capital Limited, a company listed on the SGX, 3) GCM Resources PLC, a company listed on the London Stock Exchange.
Family relationship with any director and/or major shareholder of the listed issuer	Datuk Md Wira Dani is related to YAB Toh Puan Mahani binti Idris. Toh Puan Mahani is a director and shareholder of Daza Holdings Sdn Bhd which holds 100% shares in Ibu Kota Developments Sdn Bhd (IKD). IKD is a major shareholder of Reliance Pacific Berhad.
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	Deemed interest in 265,797,590 ordinary shares of RM0.20 each pursuant to Section 6A of the Companies Act 1965.
Due Date for MAP	27 Nov 2016

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Date of change	30 Sep 2016
Name	DATIN IRENE TAN
Age	61
Gender	Female
Nationality	Malaysia
Type of change	Cessation Of Office
Designation	Chief Executive Officer
Reason	Datin Irene's term as Chief Executive Officer (CEO) will be expiring on 30th September 2016..
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	Datin Irene is a council member of the Malaysian Singapore Business Council (MSBC), Co-Chairman, Joint MSBC Tourism & Hospitality Committee (JHTC), an Associate Member of the Harvard Business School Alumni, a life member of the  Malaysian Institute of Human Resource Management and a founding member of the Malaysian Youth Orchestra Foundation.
Working experience and occupation	Datin Irene's experience spans a wide ambit of the hotel, property and tourism industries. She was responsible for the development of Malaysia's first homegrown Travel Franchise under the Reliance brand name. Datin Irene also led a team of hotel professionals in developing Malaysia's first homegrown Hotel Management Franchise System for the Seri Malaysia chain of hotels.  She spearheaded and developed the Avillion Hotel Sydney, Avillion Hotel Port Dickson, Admiral Cove Development and Admiral Marina & Leisure Club in Port Dickson and Golden Envoy in Johor.
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	Deemed interest in 14,689,650 ordinary shares of RM0.20 each pursuant to Section 122(A) and Section 6A of the Companies Act 1965.

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破产案缠身
达尼辞诚信执董

2016年8月20日
（吉隆坡19日讯）前财政部长敦达因的儿子拿督达尼上周被宣判破产后，已辞去仅上任短短一个月的诚信（RPB，8885，主板贸服股）执行董事一职。

诚信昨日向马交所报备，随着现年37岁的达尼破产案件缠身，所以辞去该公司执行董事一职。达尼今年7月27日才被委任为该公司执行董事。

早前，达尼也辞去了新加坡2家上市公司董事部内的职责。

他在法庭颁发破产令后，以在30天内解决个人事务为由，已卸任瑞狮集团（LionGold）的非独立和非执行董事。同时，他也已辞去ISR资本的执行主席。

达尼和妻子马哈妮，4月和5月间，通过控Ibu Kota发展私人有限公司，从场外吸纳诚信30.96%股权，成为最大股东。【e南洋】

Date of change	18 Aug 2016
Name	DATUK MD WIRA DANI BIN ABDUL DAIM
Age	37
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Following a bankruptcy case brought against him.
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	Bachelor of Arts and Master of Arts from University of Cambridge.
Working experience and occupation	Datuk Md Wira Dani bin Abdul Daim is involved in his family's merger and acquisitions business activities.  These activities relate to power resources in the coal and oil sectors in Malaysia, Indonesia and Africa. He has been a director in a number of private and listed companies locally and abroad.
Family relationship with any director and/or major shareholder of the listed issuer	Datuk Md Wira Dani is related to YAB Toh Puan Mahani binti Idris. Toh Puan Mahani is a director and shareholder of Daza Holdings Sdn Bhd which holds 100% shares in Ibu Kota Developments Sdn Bhd (IKD). IKD is a major shareholder of Reliance Pacific Berhad.
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	Deemed Interest in 265,797,590 ordinary shares of RM0.20 each pursuant to Section 6A of the Companies Act 1965.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	33,292	42,493	33,292	42,493
2	Profit/(loss) before tax	-3,391	-2,177	-3,391	-2,177
3	Profit/(loss) for the period	-3,684	-2,261	-3,684	-2,261
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,593	-2,228	-3,593	-2,228
5	Basic earnings/(loss) per share (Subunit)	-0.42	-0.26	-0.42	-0.26
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 ($$)	0.3680		0.3716

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Name	IBU KOTA DEVELOPMENTS SDN BHD
Address	327 Persiaran Ritchie, Off Jalan Ritchie Kuala Lumpur 55000 Wilayah Persekutuan Malaysia.
Company No.	6054A
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.20 each
Name & address of registered holder	IBU KOTA DEVELOPMENTS SDN BHD327 Persiaran Ritchie, Off Jalan Ritchie55000 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted ($$)
Disposed		09 Sep 2016	9,250,000

Circumstances by reason of which change has occurred	Off-market transaction
Nature of interest	Direct interest
Direct (units)	256,547,590
Direct (%)	29.88
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	256,547,590
Date of notice	13 Sep 2016

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Name	IBU KOTA DEVELOPMENTS SDN BHD
Address	327 Persiaran Ritchie, Off Jalan Ritchie Kuala Lumpur 55000 Wilayah Persekutuan Malaysia.
Company No.	6054A
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.20 each
Name & address of registered holder	IBU KOTA DEVELOPMENTS SDN BHD327 Persiaran Ritchie, Off Jalan Ritchie 55000 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted ($$)
Disposed		20 Sep 2016	9,250,000

Circumstances by reason of which change has occurred	Disposal of shares
Nature of interest	Direct interest
Direct (units)	247,297,590
Direct (%)	28.8
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	247,297,590
Date of notice	21 Sep 2016

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Date of change	10 Oct 2016
Name	MR SEE AH SING
Age	57
Gender	Male
Nationality	Malaysia
Designation	Non-Independent Director
Directorate	Executive
Type of change	Others
Description	Mr See is the Group Managing Director/ Chief Executive
Qualifications	Bachelor of Economics (Hons) degree, University of MalayaDiploma in Public Management, INTAN
Working experience and occupation	He joined the Malaysian Civil Service in 1984. He has served in various ministries including the Ministry of Housing, Economic Planning Unit  and Ministry of Finance. He was the Chief Executive Officer of Pantai Fomema for 3 years. He was also an executive director of Protasco Berhad. Prior to his appointment as Executive Director, he worked as a freelance consultant in business development, M&A and strategic planning
Family relationship with any director and/or major shareholder of the listed issuer	Mr See Ah Sing is the spouse of Ms Hedy Gan See Tong who is the director and shareholder of Mazmur Capital Sdn Bhd.  Mazmur Capital Sdn Bhd is a substantial shareholder of RPB
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	Indirect shares held in RPB 248,178,113 ordinary shares

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Date of change	04 Nov 2016
Name	PUAN YULINA BINTI BAHARUDDIN
Age	50
Gender	Female
Nationality	Malaysia
Designation	Non-Independent Director
Directorate	Executive
Type of change	Appointment
Qualifications	B.Sc Finance from California State University, Sacramento USA
Working experience and occupation	Puan Yulina started a career in stockbroking with various security companies such as Arab Malaysian Securities and Rashid Hussain Securities after her graduation in 1987. She was also an Executive Director in Seremban Securities Sdn Bhd and Malpac Berhad. She retired from the field after 10 years. She did a short stint in property investments and retailing. Puan Yulina is also a director in Ibu Kota Developments Sdn Bhd
Directorships in public companies and listed issuers (if any)	NIL
Family relationship with any director and/or major shareholder of the listed issuer	Puan Yulina is related to YAB Toh Puan Mahani binti Idris. Toh Puan Mahani is a director and shareholder of Daza Holdings Sdn Bhd which holds 100% shares in Ibu Kota Developments Sdn Bhd (IKD). IKD is a major shareholder of Reliance Pacific Berhad.
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	Deemed interest in 247,297,590 ordinary shares of RM0.20 each pursuant to Section 122(A) of the Companies Act 1965.
Due Date for MAP	04 Mar 2017

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	37,967	54,011	71,259	96,504
2	Profit/(loss) before tax	-18,028	-2,638	-21,419	-4,815
3	Profit/(loss) for the period	-18,470	-2,761	-22,154	-5,022
4	Profit/(loss) attributable to ordinary equity holders of the parent	-18,437	-2,670	-22,030	-4,898
5	Basic earnings/(loss) per share (Subunit)	-2.15	-0.31	-2.57	-0.57
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 ($$)	0.3474		0.3716

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	40,396	49,548	111,655	146,052
2	Profit/(loss) before tax	234	-2,983	-21,185	-7,798
3	Profit/(loss) for the period	-316	-3,837	-22,470	-8,859
4	Profit/(loss) attributable to ordinary equity holders of the parent	-348	-3,897	-22,378	-8,795
5	Basic earnings/(loss) per share (Subunit)	-0.04	-0.45	-2.61	-1.02
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 ($$)	0.3485		0.3716

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

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

1	Revenue	42,285	48,147	153,940	194,199
2	Profit/(loss) before tax	557	-15,161	-20,628	-22,959
3	Profit/(loss) for the period	-70	-15,398	-22,540	-24,257
4	Profit/(loss) attributable to ordinary equity holders of the parent	-226	-15,305	-22,604	-24,100
5	Basic earnings/(loss) per share (Subunit)	-0.03	-1.78	-2.63	-2.81
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 ($$)	0.2992		0.3716

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

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

1	Revenue	35,469	33,292	35,469	33,292
2	Profit/(loss) before tax	-1,490	-3,391	-1,490	-3,391
3	Profit/(loss) for the period	-1,888	-3,684	-1,888	-3,684
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,792	-3,593	-1,792	-3,593
5	Basic earnings/(loss) per share (Subunit)	-0.21	-0.42	-0.21	-0.42
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 ($$)	0.3374		0.3404

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CHANGE OF NAME FROM RELIANCE PACIFIC BERHAD TO AVILLION BERHAD

RELIANCE PACIFIC BERHAD

Kindly be advised that the aforesaid Company has changed its name to "AVILLION BERHAD”. As such, the Company's shares will be traded and quoted under the new name with effect from 9.00 a.m., Thursday, 14 September 2017.

Type of Securities	Old Stock Short Name	New Stock Short Name
Ordinary Shares	RPB	AVI

The stock number remains unchanged.

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Date of change	19 Sep 2017
Name	ENCIK AMIRUL AZHAR BIN BAHAROM
Age	44
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Others
Qualifications	LLB Hons from Staffordshire, UK
Working experience and occupation	He began his career as a Research Analyst with Cazenove & Co., a British based investment bank and had been in the financial services industry for a number of years where he was attached with the Securities Commission, BDO Capital Consultants Sdn.Bhd. and KAF Fund Management Sdn.Bhd. He had also served as the Group Managing Director and CEO of Vastalux Energy Berhad. He is the independent non-executive chairman of UMS-Neiken Group Berhad and independent non-executive director of Tecnic Group Berhad and Spring Gallery Berhad. Prior to this appointment, he is the Deputy Chief Executive of Avillion Berhad.
Directorships in public companies and listed issuers (if any)	1) UMS-Neiken Group Berhad2) Rohas Tecnic Group3) Spring Gallery Berhad
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	Nil

Remarks :

He is appointed as the Acting Group Chief Excecutive Officer.

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Avillion董事经理退休

2017年9月26日
（吉隆坡25日讯）前称诚信的Avillion公司（AVI，8885，主板贸服股）宣布，董事经理许阿星（译音）退休。

Avillion公司向交易所报备，今年58岁的许阿星宣布退休。

原为执行董事的许阿星，是在去年7月中，被调任为董事经理。

当时，诚信创办人拿督颜英光和总执行长拿汀陈艾琳（均译音）频频抛售公司股权，导致许阿星的持股权因而增至2亿4818万股，或28.91%。

诚信集团拥有遍布波德申、马六甲、吉隆坡及峇厘岛等的Avillion酒店集团。【e南洋】

Date of change	25 Sep 2017
Name	MR SEE AH SING
Age	58
Gender	Male
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Retirement
Qualifications
Working experience and occupation
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	He has indirect shareholdings of 248,178,113 ordinary shares

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

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

1	Revenue	32,948	37,967	68,417	71,259
2	Profit/(loss) before tax	-2,645	-18,928	-4,135	-22,319
3	Profit/(loss) for the period	-3,198	-19,370	-5,086	-23,054
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,043	-19,337	-4,835	-22,930
5	Basic earnings/(loss) per share (Subunit)	-0.35	-2.25	-0.56	-2.67
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 ($$)	0.3319		0.3404

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

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

1	Revenue	34,468	40,396	102,885	111,655
2	Profit/(loss) before tax	-886	-216	-5,021	-22,535
3	Profit/(loss) for the period	-1,566	-766	-6,652	-23,820
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,578	-798	-6,413	-23,728
5	Basic earnings/(loss) per share (Subunit)	-0.18	-0.09	-0.75	-2.76
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 ($$)	0.3280		0.3404

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Type	Announcement
Subject	OTHERS
Description	MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN BINTANG KENCANA SDN BHD AND AVILLION HOTELS INTERNATIONAL SDN BHD, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY
INTRODUCTION The Board of Directors of  Avillion Berhad (“Avillion” or “the Company”) wishes to announce that Avillion Hotels International Sdn Bhd (AHI), a wholly-owned subsidiary of Avillion Hotel Group Sdn Bhd (AHG) has on 10 April 2018 signed a Memorandum of Understanding (MOU) with Bintang Kencana Sdn Bhd (Bintang Kencana), a company intending to build a 153-room hotel in Bandar Baru Uda, Johor Bahru. AHI will be given a fixed 10 years lease to operate and manage the new hotel. It will be consulting Bintang Kencana to ensure Construction Guidelines in respect of Hotel Space Configuration, Hotel Requirements and Design and Construction Materials used are met.  Avillion will then operate and provide direct day-to-day management and operations of the hotel once it opens. INFORMATION ON THE PARTIES TO THE MOU Avillion Hotels International Sdn Bhd (AHI) Avillion Hotels International Sdn Bhd (Company No. 302949-V) is a private company incorporated in Malaysia and having its registered office at Unit 8E, Wisma YPR, 1 Lorong Kapar, Off Jalan Syed Putra, 58000 Kuala Lumpur. The principal activities of AVI is engaged in the ownership and operation of hotels and have the required expertise in the various phases of hotel development and operation. Bintang Kencana Sdn Bhd (Bintang Kencana) Bintang Kencana Sdn.Bhd. (Company No: 183733-U) is  a private company incorporated in Malaysia and having its registered office, 39-1, Jalan Putra Permai 1A, Taman Putra Permai, Taman Equine, 43300 Seri Kembangan, Selangor. The principal activities of Bintang Kencana is as developer. SALIENT INFORMATION ON THE MOU 1) Bintang Kencana intends to appoint AVI to operate and provide direct the day-to-day management and operation of the Hotel (“the Appointment”) 2) Bintang Kencana and AVI  (“the Parties”) agree that pending negotiations of a comprehensive Hotel Management Agreement (the Principal terms is subject to further discussion and mutual agreement), the terms and conditions contained in the MOU  shall govern the relationship between the Parties. 3) Bintang Kencana agrees that it will not enter into similar negotiations for the provision of hotel management services in respect of the Hotel with any third party for a period of 90 days commencing the date of this Memorandum (“Exclusivity Period”). 4)Following the expiry of the Exclusivity Period, all binding obligations of the Parties pursuant to the MOU shall automatically terminate and neither party shall be liable to the other, save for breaches that occur prior to expiry of the Exclusivity Period. RATIONALE OF THE MOU The MOU is in line with Avillion Group’s strategy to grow the chain of Avillion-managed hotels. FINANCIAL EFFECTS OF THE MOU The MOU is not expected to have any material effect on the share capital, net assets, gearing and substantial shareholders’ shareholdings of Avillion for the current financial year ending 31 March 2019. However, the Appointment by Bintang Kencana is expected to contribute positively to the future earnings of Avillion Group, barring any unforeseen circumstance. APPROVALS REQUIRED FOR THE MOU The MOU is not subject to the approval of the shareholders of the Company or any regulatory authorities. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS To the best of the Board’s knowledge and belief, none of the Directors and/or substantial shareholders and/or person connected to them has any direct or indirect interest in the said MOU. STATEMENT BY DIRECTORS The Board is of the opinion that the MOU is in the best interest of the Company. DOCUMENTS MADE AVAILABLE FOR  INSPECTION A copy of the MOU is available for inspection at the registered office of the Company at Level 2, Tower 1, Avenue 5, Bangsar South City, 59200 Kuala Lumpur during office hours 8.30 a.m. to 5.30 p.m.  from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement. This announcement is dated 10 April 2018.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

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

1	Revenue	28,512	42,546	131,397	154,201
2	Profit/(loss) before tax	-5,640	-406	-10,661	-22,941
3	Profit/(loss) for the period	-4,535	-637	-11,187	-24,457
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,466	-793	-10,879	-24,521
5	Basic earnings/(loss) per share (Subunit)	-0.52	-0.09	-1.27	-2.86
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 ($$)	0.3238		0.3404