Cancellation of PUCF ESOS options

7 October 2015

Resource Holding Management Limited

("RHM" or the "Company")

Cancellation of all of options under PUCF's outstanding employees' share option scheme

The Board of RHM (AIM:RHM) notes the announcement made today by PUC Founder (MSC) Berhad ("PUCF") regarding the cancellation of all of the outstanding options granted pursuant to PUCF's employees' share option scheme ("ESOS") (the "ESOS Cancellation").

RHM's wholly owned subsidiary, RedHot Media International Limited, currently holds 443,168,402 ordinary shares in PUCF, which represents 41.58% of PUCF's issued share capital and 36,215,840 warrants to subscribe for new PUCF shares.

As stated in PUCF's announcement, trading in PUCF's shares on Bursa Malaysia's ACE Market has been below the ESOS' exercise price of RM0.12 for the past 2 months, with the last transacted market price of RM0.105 on 6 October 2015 being 12.5% below the ESOS' exercise price. Accordingly, the board of PUCF considers that the outstanding ESOS options no longer serve as effective tools to motivate, reward and retain eligible employees and Directors of the PUCF group.

PUCF's ESOS was established on 9 July 2009 for a period of ten years and will expire on 8 July 2019. Pursuant to the ESOS, PUCF had on 12 January 2015, 18 June 2015 and 24 July 2015 announced the grant of 83,237,406 ESOS options to its entitled employees and directors, of which 3,470,633 ESOS options have been exercised and 2,654,600 ESOS options were cancelled due to the resignation or non-acceptance by the entitled employees and/or directors. As at 7 October 2015, prior to the ESOS Cancellation, there were 77,112,173 outstanding ESOS options granted to 26 entitled PUCF employees and directors with an exercise price of RM0.12.

PUCF's announcement states that the ESOS Cancellation will not have any effect on the earnings and earnings per share, net assets and gearing of the PUCF group as well as PUCF's share capital and substantial shareholders' shareholdings. The ESOS Cancellation is not subject to the approval of shareholders of PUCF and/or any relevant authorities.

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