The Board of Directors of SCC ("Board") wishes to announce that Messrs. Baker Tilly Monterio Heng ("Baker Tilly") had on 27 September 2017 ("Notice Date"), given notice in writing to the Board of their intention to resign as Auditors of the Company. Pursuant to Section 281(2) of the Companies Act 2016 ("CA 2016"), Baker Tilly's term of office will end after twenty one days from 27 September 2017.

The resignation of  Baker Tilly is due to cost and pricing issues. Further, the Board also wishes to inform that the Company is not aware of any other matters that need to be brought to the attention of Shareholders.

SCC is in the midst of identifying new Auditors to be engaged pursuant to Section 271(2)(b) of the CA 2016 subject to the following :-

     (a) The end of the resigning Auditors’ term of office, which will be twenty one (21) days from 27 September 2017 under Section 281(2) of the CA 2016; and

     (b) SCC receiving the letter of consent from new Auditors to act as Auditors of the Company.

Further announcement on the engagement of a new Auditors will be made by the Company in due course once the appointment of the new Auditors is finalized.

This announcement is dated 27 September 2017.