BURSA ANNOUNCEMENTS

OTHERS
MYCRON STEEL BERHAD ("MSB" OR "THE COMPANY") - Change of External Auditors

Date Published : 2022-10-13

MYCRON STEEL BERHAD

Announcement details

Type	Announcement
Subject	OTHERS
Description	MYCRON STEEL BERHAD ("MSB" OR "THE COMPANY") - Change of External Auditors

Pursuant to the Audit and Governance Committee's ("AGC") recommendation to review and access the position of Messrs PricewaterhouseCoopers PLT ("PwC") who has been the external auditors of the Group for more than 15 years, the AGC considered the rotation of the external auditors as good governance for the Group.

Based on the mutual consent, PwC has agreed not to seek re-appointment as Auditors of the Company at the forthcoming Annual General Meeting ("AGM") to be held in 2022 and therefore submitted their letter of resignation dated 13 October 2022.

Based on the recommendation of the AGC, the Board believes that the change could benefit the Group with different approaches and perspectives in the audit deliverables moving forward.

Pursuant to Section 273(b) of the Companies Act 2016, PwC shall remain to be the Auditors of the Company and cease to hold office at the conclusion of the forthcoming AGM to be held in 2022.

Save for the above, the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.

This announcement is dated 13 October 2022

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