KUALA LUMPUR, MALAYSIA - Media OutReach - 15 February 2021 - Vivocom
Int'l Holdings Berhad ('Vivocom') has expressed its 'appreciation' to Bursa Malaysia
Securities Berhad for its approval of the multiple proposals � submitted in on
30^th � December 2020, a corporate move that would
usher in an exciting period for as well as strengthening the overall corporate
structure of Vivocom.

�

�

Vivocom CEO Dato Seri Chia Kok Teong
believes that Vivocom shares will grow strongly over time and will be worth a
lot more than the pre-Chinese New Year price of 89 sen.

�

Its CEO Dato Seri Chia Kok Teong praised Bursa for its constant efforts
to create a vibrant equity market, and personally attested to the exchange's
pledge of 'creating opportunities,
growing value' as "one that's real and more than just a tagline".

�

"Like many other companies, Vivocom is indeed grateful to Bursa's for
its continuous efforts in fostering a conducive capital market for its members
to grow and create wealth for the nation," said Dato Seri Chia.

�

"We had submitted our proposals in December 2020, and Bursa had reverted
promptly and approved them; an impressive turnaround time. Accordingly Vivocom is
now ready to begin its journey of transforming itself, as an Investment Holding
company."

�

Last Thursday, Vivocom had announced that Bursa had approved the
various proposals submitted which can be read here or the link in full: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3128515 .

�

Dato' Seri Chia also expressed his profound gratitude to all
shareholders for having supported the company, and is looking towards stronger
support to continue into the long term.

�

"My Board and Management team are totally committed to building Vivocom
into a reputable public company, with sound and sustainable fundamentals of
solid profits and healthy cashflow," he said.

�

"We are very focussed in transforming Vivocom into a
behemoth Conglomerate, via organic or inorganic growth, including expansive M&A
(merger and acquisition) activities which may result in us acquiring strategic
stakes in other Public Listed Companies for investment holding purposes," Dato
Seri explained.

�

"We shall always act in Shareholders' best interests and, as a
priority, would work towards getting Vivocom elevated to the Main Board of
Bursa soonest possible," he added.

�

"We will also do our utmost to
maximise Vivocom's earnings in the coming years in order to reward our
shareholders with a handsome dividend pay-out at the earliest opportunity,"
Dato Seri continued.

�

To show his dedication, Dato Seri
Chia has committed to a voluntary self--imposed moratorium (or SIM) in that he
will not dispose his personal stakes in Vivocom for the next 3 years.

�

"I am strongly focussed on 'building
the Vivocom legacy' while creating wealth for all shareholders of Vivocom for
the long term," he promised.

�

"My SIM means that I won't be
cashing in on my personal stakes in the immediate term or at least for the next
3 years. I'm supremely confident of maximising the wealth of Vivocom in the
long run.

�

"In other words, I believe Vivocom
shares will grow strongly over time and will be worth a lot more than the pre-Chinese
New Year price of 89 sen," concluded Dato Seri Chia.