The Board of Directors of VSTECS wishes to announce that the Company intends to seek the approval of its shareholders at the forthcoming Annual General Meeting to be convened for the following proposals:-

(i) Proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature; and

(ii) Proposed renewal of authority for the Company to purchase its own shares.

(Collectively referred as "Proposals")

The Circular/Statement containing information on the abovementioned Proposals will be issued to the shareholders of VSTECS in due course.

This announcement is dated 21 February 2019.