The Company is pleased to announce that the subsidiary of the Company, Knowledgecom Corporation Sdn Bhd has today received a Letter of Award dated 21 February 2013 (Ref No. : (42)PSMB/27/55 Klt.3) from Kementerian Sumber Manusia of Pembangunan Sumber Manusia Berhad (545143-D) (“PSMB”) for a project named “Specialised Training and Advanced Recruitment (“STAR”)” for a contract sum of RM1.05 million from PSMB (“the Project”). 

The Project will not have any material effect on the issued and paid-up capital, substantial shareholders’, net asset per share and gearing of the Company and its subsidiaries (“Censof Group”).

Bearing any unforseen circumstances, the Board is of the opinion that the Project will contribute positively to the earnings per share and the future earnings of Censof Group.

Censof does not envisage any risk factor arising from the Project. However, the Company will continously be taking appropriate measures if it encounters any risk.

None of the Directors, its substantial shareholders or person connected with the Directors and substantial shareholders of the Company have any interest in the Project.

The Board, after considering all aspects of the Project are of the opinion that the Project is in the best interest of Censof Group.

This announcement is dated 25 February 2013.