Taung Gold International Limited announcement and supplementary announcement of Taung Gold International Limited dated 30 December 2019 and 20 May 2020 respectively in relation to, inter alia, the EPC Contract and the additional information in relation to the transactions contemplated under the EPC Contract. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcements. As set out in the Supplementary Announcement, a circular ("Circular") containing, among other things, information required under the Listing Rules regarding the EPC Contract, the First Supplementary Agreement and the Lum Sum Offer Supplementary Agreement and the notice of the SGM is expected to be dispatched to the Shareholders on or before 30 April 2021. As set out in the EPC Contract and the Lump Sum Offer Supplementary Agreement, in order to ascertain the amount of the Lump Sum Offer, the Group and MCC have agreed to commence with the Basic Design for the Project. However, given the travel restrictions in both South Africa and the PRC since the outbreak of COVID-19, the Company is unable to commence the Basic Design without physical visiting MCC and the technical team of MCC visiting the Project. The Company and MCC continues to communicate on the Basic Design and to monitor any changes to the travel restrictions which may allow the commencement of Basic Design.