The Board of Directors of Toyo Ventures Holdings Berhad had on 30 November 2021 resolved to propose a dividend payout of 1.0 sen per ordinary share, subject to shareholders' approval at the Second Annual General Meeting (“AGM”). An announcement to this effect was made on 30 November 2021. Unfortunately the Board has to withdraw this proposal due to insufficient retained earnings of the Company.

The proposed resolution on the final single-tier dividend of 1.0 sen per ordinary share shall not be tabled and discussed at the forthcoming AGM.