Reference is made to the first announcement in relation to PN17 of the Listing Requirements made on 18 April 2025 ("PN17 First Announcement"), subsequent monthly announcements made on 2 May 2025, 3 June 2025, 1 July 2025, 1 August 2025, 2 September 2025, 1 October 2025, 3 November 2025, 1 December 2025, 2 January 2026, 3 February 2026, 2 March 2026, 1 April 2026, 5 May 2026, 3 June 2026, 1 July 2026 and 3 August 2026 ("the Monthly Announcements") and announcements made on 26 September 2025 and 7 November 2025 in relation to PN17 and announcements in relation to Proposed Scheme of Arrangement and Restraining Order made on 5 December 2025, 10 December 2025, 26 December 2025, 21 January 2026, 15 April 2026, 30 April 2026, 18 May 2026, 21 May 2026, 18 June 2026, 19 June 2026 and 17 July 2026 ("previous announcements").
Reference is further made to the first announcement in relation to the Company being classified as an affected listed issuer pursuant to Paragraph 8.03A(2)(b) of Listing Requirements made on 28 August 2026 ("8.03A First Announcement").
Unless otherwise defined, all abbreviations and definitions used herein shall have the same meaning as defined in the 8.03A First Announcement, the subsequent Monthly Announcements and PN17 First Announcement.
As announced on 30 April 2026, Bursa Securities had vide its letter dated 30 April 2026, resolved to grant the Company an extension of time of 6 months up to 17 October 2026 to submit its regularisation plan to the relevant regulatory authorities for approval.
As announced on 18 June 2026,19 June 2026 and 17 July 2026 in relation to the Originating Summons (Ex Parte) filed by Omesti Holdings Berhad (the "Applicant"), the Company had been notified by its solicitors on 17 July 2026 that the High Court has allowed the applications by AmBank (M) Berhad & AmBank Islamic Berhad and Niro Ceramic Sales & Services (M) Sdn Bhd to intervene in the RO Application and has fixed further case management for the RO Application on 8 September 2026.
As announced on 26 February 2025, 12 June 2025, 1 August 2025, 30 September 2025, 5 December 2025, 26 February 2026, 23 April 2026, 23 July 2026 and 14 August 2026 in relation to Petition served by Malayan Banking Berhad against the Company, the Company had been notified by its solicitors on 14 August 2026 that the High Court has adjourned the matter to 15 September 2026 for further case management.
For avoidance of doubt, the triggering Paragraph 8.03A(2)(b) of the Listing Requirements does not change the Company's existing regularisation direction as the matter will be addressed under the regularisation plan.
The Company is in the process of formulating a plan to regularise its financial position ("Regularisation Plan"). The Company has approximately two (2) months to submit its Regularisation Plan to the relevant authorities for approval. The Company will make the necessary announcement(s) on the Regularisation Plan in accordance with the requirements under the PN17 and Paragraph 8.03A of the Listing Requirements.
This announcement is dated 1 September 2026.