Reference is made to the Company's announcements dated 3 August 2026, 19 August 2026, 24 August 2026 and 26 August 2026 in relation to the application for Judicial Management Order and appointment of Interim Judicial Managers ("IJM") ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

The Board of Directors of PRG wishes to provide the following additional information: -

(A) The functions, powers and duties of the Interim Judicial Manager ("IJM") as specified in the court order for the appointment of the IJM

1. Pursuant to the Order granted for the appointment of the IJM dated 26.08.2026 ("the Order"), the IJM shall have and may exercise all the functions and powers of a judicial manager conferred by section 414 of Companies Act 2016 ("CA 2016") and specified in the Ninth Schedule of CA 2016, pending the disposal of the application for the judicial management order filed on 03.08.2026 ("the JM Application").

2. The Order pronounced by the High Court, based on the extracted Court minutes dated 26.08.2026, also contained specific protective directions as follows -

(a) The IJM shall not compromise, settle, discontinue or dispose the winding-up petition between Premier Construction (International) Sdn Bhd and Premier De Muara Sdn Bhd (Winding-Up Petition No.: WA-28NCC-742-07/2026) ["the Petition 742"] without prior notice to the Court and the leave of the Court;

(b) The IJM shall report the status of the Petition 742 at the next case management; and

(c) The Company is directed to take the appropriate steps to complete the disclosure in respect of the Petition 742 and the governance matters, including the Bursa announcement and ratification by the Board of Directors, before this Order is perfected.

3. At the time of this Announcement and pending the extraction of draft order to be approved by the High Court, the Company's solicitors are awaiting confirmation from the High Court on whether the other protective directions sought in the Intervening Application dated 24.08.2026 are to be included in the Order.

(B) The financial and operational impact on the Group arising from the appointment of the IJM

4. The appointment of the IJM is not expected, in itself, to result in any immediate cessation of the Group's business operations. The Group's businesses will continue to be carried on, subject to the powers exercised by the IJM pursuant to the Order and CA 2016.

(C) The duty, role and responsibilities of the board of directors, including but not limited to, compliance with Listing Requirements, in light of the appointment of the IJM

5. Section 414(2) of CA 2016 provides that, during the period for which a judicial management order is in force, the powers and duties of the directors under CA 2016 or the Company's constitution shall be exercised and performed by the judicial manager and not by the directors.

6. Accordingly, pending the disposal of the JM Application, the IJM shall assume and exercise the functions and powers of the directors in relation to the management and affairs of the Company to the extent provided under the Order and CA 2016.

7. The Board shall remain co-operate with and provide such assistance and information to the IJM as may be required for the proper discharge of their functions and powers.