Listing Circular LISTING'S CIRCULAR NO. L/Q : 32265 OF 2005

Company Name	:	ASIAEP BHD (MESDAQ Market)
Stock Name	:	ASIAEP
Date Announced	:	25/07/2005

Subject

:

ASIAEP-Public Reprimand and Fine

Contents :

On 22 July 2005, Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimanded and imposed a fine of RM31,000 on Asiaep Berhad for breach of Rule 7.25 of Bursa Securities Listing Requirements for the Mesdaq Market ("MMLR").

Rule 7.25 of the MMLR states that a listed company must give Bursa Securities for public release, an interim financial report that is prepared on a quarterly basis as soon as the figures have been approved by the board of directors of the listed company, and in any event not later than 2 months after the end of each quarter of a financial year.

ASIAEP has breached Rule 7.25 of the MMLR for failure to submit the Company's quarterly report for the financial period ended 28 February 2005 ("Quarterly Report") on or before 30 April 2005. The Quarterly Report was only submitted to Bursa Securities on 15 June 2005, after a delay of 31 market days from the due date of 30 April 2005.

The public reprimand and fine were imposed pursuant to Rule 15.5 of the MMLR after taking into consideration all circumstances of the matter.

Bursa Securities views this contravention seriously and hereby cautions the Company and its board of directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to its shareholders and the investing public.