The Board of Directors of PUC Berhad ("Board") wishes to announce that the Company had on 4 June 2026 entered into a binding term sheet ("Term Sheet") with Tham Lih Chung ("Purchaser") for the proposed disposal of 100% issued share capital of PUC Capital Sdn. Bhd. [Registration No. 200001025924 (528531-X)] ("PUC Capital" or the "Target Company"), a wholly-owned subsidiary of PUC Berhad, to the Purchaser (the "Proposed Disposal").

The Proposed Disposal is a non related party transaction. 

Upon the completion of Proposed Disposal, the novation of intercompany receivables to Cheong Chia Chou, the Group Managing Director and Group Chief Executive Officer  of the Company will constitute a Related Party Transaction.

Please refer the attachment for further information. 

This announcement is dated 4 June 2026.