Further to the communiqués issued on 13 December 2019 and 27 April 2020, the Board of Directors of Mauritius Cosmetics Limited announced that the shareholders of the Company have at an Annual meeting held on 25 September 2020, approved the cancelation of the dividend of MUR 0.325 per ordinary share (i.e. 3.25%) declared by the Board of Directors on 12 December 2019, due to the unforeseeable and unprecedented economic impact of the COVID-19 pandemic on the Company's operational and financial activities. Therefore, the dividend be legally not payable by the Company.