Administrative Actions in 2007

No

Nature of Offence

Offender(s)

Facts of Case

Action taken

DIRECTIVES

1.

Furnished false statements to the SC and Bursa Malaysia Securities Berhad

Welli Multi Corporation Berhad

Furnished false statements to the SC and Bursa Malaysia on its revenue in its 2005 Annual Report and its Quarterly Financial Reports for the first three quarters of 2006.

Directed to rectify and re-issue the said financial statements

2.

Furnished false statements to the SC

Nasioncom Holdings Berhad

Furnished false statements to the SC on its revenue in its 2005 financial statements.

Directed to rectify and re-issue the said financial statements

Public reprimand issued against Nasioncom Holdings Berhad.

Note: All administrative actions taken by the Securities Commission are subject to the aggrieved person’s right to appeal to the Commission for a review of the decision under section 146 of the Securities Commission Act 1993 or section 364 of the Capital Markets & Services Act 2007 within 30 days of the decision at first instance.