The Company wishes to announce that Bursa Securities has granted approval to the Company's application to reallocate the utilisation of RM240,231 (being an amount originally earmarked to defray expenses related to Proposed Regularisation Plan which was approved by Bursa Securities for drawdown via Bursa Securities' letters dated 22 September 2021 and 16 December 2024) and to withdraw RM1,350,000 from the custodian account for its day-to-day operations and expenses for the Proposed Distribution and Proposed Delisting.
Bursa Securities has taken note that the cash distribution pursuant to the Proposed Distribution was approved by the shareholders at the Extraordinary General Meeting held on 30 June 2026 and that the High Court had on 6 August 2026 granted an order confirming the Proposed Share Capital Reduction and Repayment. Bursa Securities has no further comments on the Proposed Distribution.
This announcement is dated 12 August 2026.