Further to the Company's announcement made on 14 December 2018 pertaining to the MOU entered between LKL Advance Metaltech Sdn. Bhd., a wholly-owned subsidiary of the Company and FKS Medical Care Sdn. Bhd. for the purpose to co-operate in the market development of dermaPACE® by Sanuwave Health Inc., an advanced medical device used for treating acute and chronic wounds, the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.

The announcement is dated 29 March 2019.