With the expiry of joint venture tenure of its 52% owned indirect subsidiary Dreamland Xian Pte Ltd ("JV Company") in China on 19 November 2013 and confirmation dated 17 April 2014 on the deregistration of the JV Company, FACB Industries Incorporated Berhad ("FACBI") wishes to announce that the JV Company has ceased to be its indirect subsidiary with immediate effect.

The JV Company has been dormant and the cessation does not have any material effect on the earnings per share, gearing and net assets per share of the FACBI Group.

None of the directors and/or major shareholders of FACBI and/or persons connected to them, have any interests, direct or indirect in the cessation.