【MAG 0095 交流专区】（前名 XINGHE ）

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Type	Announcement
Subject	OTHERS
Description	XINGHE HOLDINGS BERHAD DISPUTE INVOLVING HENAN XINGHE OIL AND FAT COMPANY LIMITED
The details of the announcement are set out in the attachment. This announcement is dated 12 June 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3058320

Attachments XingHe - Litigation.pdf

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Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-15062020-00001
Subject	DISPUTE INVOLVING HENAN XINGHE OIL AND FAT COMPANY LIMITED (HENAN XINGHE) ("DISPUTE")
Description	XINGHE HOLDINGS BERHAD ("COMPANY")DISPUTE INVOLVING HENAN XINGHE OIL AND FAT COMPANY LIMITED (HENAN XINGHE) ("DISPUTE")
Query Letter Contents	We refer to your Company’s announcement dated 12 June 2020, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) The date of the suit brought by the Agricultural Development Bank of China (“Bank”). 2) The actual amount claimed by the Bank, and whether there is any interest rate and/or other relief sought by the Bank. 3) Whether Henan XingHe was a major subsidiary of the Company. 4) The financial and operational impact of the Dispute to the Group.
We refer to the Company’s announcement dated 12 June 2020 and the queries from Bursa Malaysia Securities Berhad dated 15 June 2020 (“Queries”) in relation to the same. The Company wishes to provide the following additional information pursuant to the Queries. Please refer to the attachment for the details. This announcement is dated 16 June 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3059158

Attachments XingHe - Additional information.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,237	268,456	2,237	268,456
2	Profit/(loss) before tax	-335	4,284	-335	4,284
3	Profit/(loss) for the period	-335	3,540	-335	3,540
4	Profit/(loss) attributable to ordinary equity holders of the parent	-295	3,472	-295	3,472
5	Basic earnings/(loss) per share (Subunit)	-0.05	1.08	-0.05	1.08
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.8000		0.8100

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XINGHE HOLDINGS BERHAD

Date of change	07 Jul 2020
Name	MR MA GUOLIANG
Age	47
Gender	Male
Nationality	China
Designation	Managing Director
Directorate	Executive
Type of change	Resignation
Reason	Focus in his other personal development.

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XINGHE HOLDINGS BERHAD

Date of change	17 Jul 2020
Name	MADAM LI HUI JUN
Age	45
Gender	Female
Nationality	Philippines
Designation	Executive Deputy Chairman
Directorate	Executive
Type of change	Resignation
Reason	Focus in her other personal development.

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XINGHE HOLDINGS BERHAD

Entitlement subject	Bonus Issue
Entitlement description	Issuance of up to 460,887,432 free warrants in MAG Holdings Berhad (formerly known as XingHe Holdings Berhad) ("MAG") ("Warrants") on the basis of one (1) Warrant for every two (2) ordinary shares in MAG held as at 5.00 p.m. on 26 August 2020 ("Free Warrants Issue")
Shareholder's Approval	Yes
Ex-Date	25 Aug 2020
Entitlement date	26 Aug 2020
Entitlement time	5:00 PM
Financial Year End	31 Dec 2020
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Securities Crediting Date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	26 Aug 2020
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)	460,887,432
Entitlement indicator	Ratio
Par Value (if applicable)
Securities Entitlement
Company Name	XINGHE HOLDINGS BERHAD
Entitlement	Warrants
Ratio (New : Existing)	1.0000 : 2.0000
Available/Listing Date	08 Sep 2020

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XINGHE - CHANGE OF NAME

XINGHE HOLDINGS BERHAD

Kindly be advised that the aforesaid Company has changed its name to MAG HOLDINGS BERHAD. As such, the Company's shares will be traded and quoted under the new name with effect from 9.00 a.m., Friday, 14 August 2020.

The Stock Short Name will be changed as follows:

Type of securities	Old Stock Short Name	New Stock Short Name
Ordinary shares	XINGHE	MAG

However, the Stock Number remains unchanged.

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MAG HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Others
Details of corporate proposal	Conversion of Redeemable Convertible Notes
No. of shares issued under this corporate proposal	15,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)	0.000
Latest issued share capital after the above corporate proposal in the following
Units	641,774,865
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 355,309,790.000
Listing Date	19 Aug 2020

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MAG HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Others
Details of corporate proposal	Conversion of Redeemable Convertible Notes
No. of shares issued under this corporate proposal	10,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)	0.000
Latest issued share capital after the above corporate proposal in the following
Units	651,774,865
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 357,309,790.000
Listing Date	21 Aug 2020

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MAG HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Others
Details of corporate proposal	Conversion of Redeemable Convertible Notes
No. of shares issued under this corporate proposal	10,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)	0.000
Latest issued share capital after the above corporate proposal in the following
Units	661,774,865
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 359,309,790.000
Listing Date	24 Aug 2020

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	14,217	172,270	16,454	440,726
2	Profit/(loss) before tax	1,593	-1,808	1,258	2,476
3	Profit/(loss) for the period	1,593	-2,356	1,258	1,184
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,544	-2,520	1,249	952
5	Basic earnings/(loss) per share (Subunit)	0.25	-0.10	0.20	0.04
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.8000		0.8000

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Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

MAG HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name	TESTA HOLDINGS LIMITED
Address	Suite A, 5/F, Central Mark II, 305-313 Queen's Road Central Hong Kong.
Company No.	1629848
Nationality/Country of incorporation	Virgin Islands, British
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	24 Aug 2020	12,900,000	Disposed	Direct Interest
	Name of registered holder	Mercsec Nominees (Asing) Sdn. Bhd. Testa Holdings Limited
	Address of registered holder	3rd Floor Wisma UMNO Lorong Bagan Luar Dua 12000 Butterworth Pulau Pinang
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal via direct business transaction.
Nature of interest	Direct Interest
Direct (units)	38,874,374
Direct (%)	5.83
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	38,874,374
Date of notice	27 Aug 2020
Date notice received by Listed Issuer	27 Aug 2020

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Notice of Person Ceasing (Section 139 of CA 2016)

MAG HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	TESTA HOLDINGS LIMITED
Address	Suite A, 5/F, Central Mark II, 305-313 Queen's Road Central Hong Kong.
Company No.	1629848
Nationality/Country of incorporation	Virgin Islands, British
Descriptions (Class)	Ordinary shares
Name of registered holder	Mercsec Nominees (Asing) Sdn. Bhd. Testa Holdings Limited
Address of registered holder	3rd Floor Wisma UMNOLorong Bagan Luar Dua12000 ButterworthPulau Pinang
Date of cessation	27 Aug 2020

No of securities disposed	4,200,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal via direct business transaction.
Nature of interest	Direct Interest
Date of notice	01 Sep 2020
Date notice received by Listed Issuer	01 Sep 2020

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Profile for Securities of PLC

MAG HOLDINGS BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Description	Issuance of 333,387,142 free warrants in MAG Holdings Berhad (formerly known as XingHe Holdings Berhad) ("MAG" or "Company") ("Warrant(s)") on the basis of one (1) Warrant for every two (2) ordinary shares in MAG held at 5.00 p.m. on 26 August 2020 ("Free Warrants Issue")

Listing Date	08 Sep 2020
Issue Date	02 Sep 2020
Issue/ Ask Price	Not Applicable
Issue Size Indicator	Unit
Issue Size in Unit	333,387,142
Maturity	Mandatory
Maturity Date	01 Sep 2023
Revised Maturity Date
Name of Guarantor	Not Applicable
Name of Trustee	Not Applicable
Coupon/Profit/Interest/Payment Rate	Not Applicable
Coupon/Profit/Interest/Payment Frequency	Not Applicable
Redemption	Not Applicable
Exercise/Conversion Period	3.00   Year(s)
Revised Exercise/Conversion Period	Not Applicable
Exercise/Strike/Conversion Price	Malaysian Ringgit (MYR)   0.2300
Revised Exercise/Strike/Conversion Price	Not Applicable
Exercise/Conversion Ratio	1:1
Revised Exercise/Conversion Ratio	Not Applicable
Mode of satisfaction of Exercise/ Conversion price	Cash
Settlement Type/ Convertible into	Physical (Shares)

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MAG HOLDINGS BERHAD

Date of change	10 Sep 2020
Name	MR LIM KAM CHOY
Age	53
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Accounting Malaysian Institute of Certified Public Accountants 2 Masters General Management University of South Australia
Working experience and occupation	Mr Lim Kam Choy started his career through a 4-year training contract attached to PriceWaterhouse (now known as PricewaterhouseCoopers) pursuing his CPA qualification. He has over 30 years of working experience. The first 12 years with two Big-4 audit firms - PriceWaterhouse and Ernst & Young, followed by 19 years in public listed companies in senior management roles including VP treasury, CFO,  listed company director and company secretary.  He is a member of Malaysian Institute of Accountants and Malaysian Institute of Certified Public Accountants.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	500,000 ordinary shares in MAG Holdings Berhad.

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MAG HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Others
Details of corporate proposal	Conversion of Redeemable Convertible Notes
No. of shares issued under this corporate proposal	10,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)	0.000
Latest issued share capital after the above corporate proposal in the following
Units	676,774,865
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 362,309,790.000
Listing Date	02 Oct 2020

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

MAG HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	MR HSU, CHING-FU
Nationality/Country of incorporation	Taiwan, Province of China
Descriptions (Class)	Ordinary Shares
Name of registered holder	HSU, CHING-FU

Date interest acquired & no of securities acquired
Date interest acquired	30 Sep 2020
No of securities	5,500,000
Circumstances by reason of which Securities Holder has interest	Acquisition of shares through off market.
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	38,761,000
Direct (%)	5.727
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	02 Oct 2020
Date notice received by Listed Issuer	02 Oct 2020

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Change in Financial Year End

MAG HOLDINGS BERHAD

Old financial year end	31 Dec 2020
New financial year end	30 Jun 2021

Remarks :

The Board of Directors of MAG Holdings Berhad ("MAG") has approved the change of financial year end from 31 December to 30 June. This is to allow MAG to have a better planning, coordination and management of its audit and reporting duties, and to avoid the peak financial reporting for December year end.The next set of audited financial statements shall be for a period of 18 months from 1 January 2020 to 30 June 2021.

Notice of Person Ceasing (Section 139 of CA 2016)

MAG HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	MR HSU, CHING-FU
Nationality/Country of incorporation	Taiwan, Province of China
Descriptions (Class)	Ordinary Shares
Name of registered holder	HSU, CHING-FU
Date of cessation	05 Nov 2020

No of securities disposed	8,358,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of shares through open market.
Nature of interest	Direct Interest
Date of notice	09 Nov 2020
Date notice received by Listed Issuer	09 Nov 2020

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Nine Months	Nine Months
		01 Jul 2020 To	01 Jul 2019 To	01 Jan 2020 To	01 Jan 2019 To
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	15,129	81,131	31,583	521,857
2	Profit/(loss) before tax	5,055	-6,627	6,313	-4,151
3	Profit/(loss) for the period	5,055	-5,832	6,313	-4,648
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,073	-5,726	6,322	-4,774
5	Basic earnings/(loss) per share (Subunit)	0.77	-1.55	1.01	-1.43
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.7500		0.8000

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MAG HOLDINGS BERHAD

Entitlement subject	Bonus Issue
Entitlement description	Bonus issue of up to 471,677,652 warrants ("Warrant(s) C") on the basis of 1 Warrant C for every 4 existing ordinary shares in MAG held on 2 November 2021 ("Entitlement Date")("Bonus Issue of Warrants")
Shareholder's Approval	Yes
Ex-Date	01 Nov 2021
Entitlement date	02 Nov 2021
Entitlement time	5:00 PM
Financial Year End	30 Jun 2022
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Securities Crediting Date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	02 Nov 2021
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)	471,677,652
Entitlement indicator	Ratio
Par Value (if applicable)	Malaysian Ringgit (MYR) 0.0000
Securities Entitlement
Company Name	MAG HOLDINGS BERHAD
Entitlement	Warrants
Ratio (New : Existing)	1.0000 : 4.0000

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MAG HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Others
Details of corporate proposal	Conversion of Redeemable Convertible Notes
No. of shares issued under this corporate proposal	15,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)	Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units	1,408,323,465
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 503,958,995.000
Listing Date	29 Oct 2021