The Group and the Company are expected to apply the abovementioned pronouncements beginning from the respective
dates the pronouncements become effective. The Group and the Company is currently assessing the impact of adopting
the above pronouncements. Key highlights are discussed below:
i. MFRS 9 Financial Instruments
MFRS 9 replaces the guidance in MFRS 139 Financial Instruments: Recognition and Measurement on the classification
and measurement of financial assets. Upon adoption of MFRS 9, financial assets of the Group and the Company will
be measured at either fair value or amortised cost.