LYC

0.010

-0.005 (-33.3%)

UPDATES ON DELAY IN ISSUANCE OF ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2026

LYC HEALTHCARE BERHAD

Type

Reply to Query

Reply to Bursa Malaysia's Query Letter - Reference ID

IQL-20082026-00001

Subject

UPDATES ON DELAY IN ISSUANCE OF ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2026

Description

LYC HEALTHCARE BERHAD ("LYC" OR "THE COMPANY")
- UPDATES ON DELAY IN ISSUANCE OF ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2026

Query Letter Contents

We refer to your Company's announcement dated 19 August 2026 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad with the following additional information for public release:-

1. Please provide the key milestones of the preparation of the annual report, including but not limited to the current status of audit process, key outstanding matters that hinder the completion and specific target date for the issuance of the Annual Report 2026.

Please furnish Bursa Malaysia Securities Berhad with your reply for public release within one (1) market day from the date hereof.

Yours faithfully

Listing

Group Regulation

cc:- Market Surveillance, Securities Commission

We refer to Bursa Securities' query letter dated 20 August 2026 and to the Company's announcement dated 19 August 2026, and reply as follows:-

1. Key milestones in the preparation of the Annual Report for the financial year ended 31 March 2026, which includes the annual audited financial statements together with the auditors' and directors' reports for the financial year ended 31 March 2026 ("Annual Report 2026")

Date	Milestone
28 July 2026	The Company had on 6 March 2026 appointed Messrs SBY Partners PLT as the new External Auditors in place of Messrs Crowe Malaysia PLT, who resigned on 26 February 2026 due to a disagreement on the audit fee. As communicated with the new External Auditors, Messrs SBY Partners PLT, the Management of the Company required additional time to work together with the External Auditors to facilitate the expeditious finalisation of the audit. Notwithstanding the above, the Company expected to issue and submit its Annual Report 2026, together with its audited financial statements, on or before 7 August 2026.
5 August 2026	The External Auditors held an online meeting with the Board of Directors and the Management. During the meeting, the Management was informed by the External Auditors that the financial statements is still under review. The External Auditors expects to finalise the financial statements and submit it to the Management by 10 August 2026.
10 August 2026	The External Auditors informed Management verbally that additional time is required to complete the review. The External Auditors expects to finalise the draft of the financial statements by 17 to 19 August 2026.
17 August 2026	The External Auditors requested additional information and supporting documents from the Management, and the Management has, on the same date, completed all additional audit requests by providing the requested information and supporting documents to the External Auditors. The Company was unable to release its Annual Report 2026 to Bursa Malaysia Securities Berhad and the shareholders, pending the finalisation of the annual audited financial statements by the Company's External Auditors.
19 August 2026	The audit remains subject to the completion and clearance of the outstanding audit procedures and further review by the External Auditors. The External Auditors have confirmed to the Company in writing that, they expect the financial statements to be finalised and approved by the Board on or before 28 August 2026.

2. Current status of the audit process

The audit of the LYC Group for the financial year ended 31 March 2026 is currently in its final stages.

The delay in finalising the audit was primarily due to the Company's inability to obtain timely access to the records and information of the disposed subsidiary, Elite Dental Team Sdn. Bhd., following the completion of its disposal on 31 December 2024. This resulted in difficulties for the External Auditors in completing the necessary audit procedures and finalising the audit as the Company's current External Auditors, Messrs SBY Partners PLT were not the auditors of Elite Dental Team Sdn. Bhd. during the reporting period.

3. Key outstanding matters hindering completion

The Company's External Auditors, Messrs SBY Partners PLT, confirmed on 19 August 2026 that the following matters remain outstanding for the finalisation of the audit of LYC Group for the financial year ended 31 March 2026:-

(a) Completion of the audit work on the disposed subsidiary, Elite Dental Team Sdn. Bhd., including the review of the basis and supporting information for the profit recognised in retained earnings;

(b) Completion of the adjustments in respect of right-of-use assets of the LYC Group; and

(c) Finalisation of certain accounting treatments, comprising the deferred tax liability arising from the reconciliation of intercompany balances.

The External Auditors have tentatively targeted the approval of the financial statements by the Board on or before 28 August 2026, subject to the full cooperation of the Management in resolving and closing the outstanding matters set out above.

4. Specific target date for the issuance of the Annual Report 2026

The External Auditors have confirmed in writing on 19 August 2026 that, set out at item 3 above, they expect the financial statements to be approved by the Board tentatively by 28 August 2026.

Accordingly, the Company's specific target date for the issuance of the Annual Report 2026 is on or before 28 August 2026.

The Company will announce any change to this target date immediately.

Announcement Info

Company Name	LYC HEALTHCARE BERHAD
Stock Name	LYC
Date Announced	21 Aug 2026
Category	General Announcement for PLC
Reference Number	GA1-20082026-00088

View original announcement