On behalf of the Board of Directors of Mi Equipment Holdings (“Board”), Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that the Company proposes to seek the authority from its shareholders to purchase its own ordinary shares (“Mi Equipment Holdings Shares” or “Shares”) of up to five percent (5%) of its total number of issued shares (“Proposed Share Buy-Back”).

Please refer to the attachment for further details.

This announcement is dated 14 November 2018.