NTC Corporate Disclosure — 31 October 2021

(Continuation news of NTC): However, the Company does not have any policy to value such asset either at cost or revaluation model as per IFRS requirement and depreciate accordingly over the asset's useful life. As a result, since the asset is gradually losing its finite life and ability to generate cash flow in the future, the financial statements are not reflecting the outcome of appropriate valuation and required depreciation which is resulting in overstatement of property, (cont.2)