The Board of Directors of Ho Hup wishes to announce that the Company had on 2 September 2026 received a Winding Up Petition dated 26 August 2026 and Affidavit Verifying Petition dated 28 August 2026 by the Petitioner for an alleged amount RM248,068.46 purportedly due and owing to the Petitioner.

Further details pertaining to the Winding Up Petition are as follows:

1. The date of presentation of the Winding Up Petition and the date the Winding Up Petition was served on Ho Hup

The date of presentation of the Winding Up Petition was on 26 August 2026 and the Winding Up Petition was served on Ho Hup on 2 September 2026.

2. The particulars of the claim under the Winding Up Petition, including the amount claimed for under the Winding Up Petition and the interest rate

The details of the claim under the Petition are as follow:-

a) The Company is indebted to the Petitioner in the sum of RM248,068.46 only being the judgement sum, interest and costs payable pursuant to Judgement dated 20 July 2026 ("Judgement") issued by the Kuala Lumpur Sessions Court vide Civil Suit No. WA-A52NCvC-136-02/2025. The Petitioner had obtained the Judgement against the Company for non-payment of legal services rendered by Petitioner.

b) The Company may be wound up by the Court under Section 465(1)(e) of the Companies Act 2016;

c) that the Director General of Insolvency Malaysia be appointed as the Liquidator of Respondent;

d) that the costs of the Petition be paid out of the assets of the Respondent; and

e) such other order may be made as the Court thinks fit and/or just.

3. The details of the default or circumstances leading to the filing of the Winding Up Petition against Ho Hup

The Petitioner had on 3 August 2026 issued a Statutory Notice of Demand pursuant to Sections 465 and 466 of the Companies Act 2016 to demand the alleged demanded sum of RM248,068.46 together with the interest. The 21 days have lapsed from the said Notice was served to the Company. Therefore, the Petitioner filed a Winding up Petition against the Company to demand the alleged demanded sum. 

4. The financial and operational impact of the Winding Up Petition

As at the date of this announcement, the Winding Up Petition is not expected to have material financial impact except for the potential liability amounting to RM248,068.46 and does not have any operational impact on the Group.

5. The expected losses, if any arising from the Winding Up Petition

 The expected losses, if any, arising from the Winding Up Petition is RM248,068.46.

6. Steps taken and proposed to be taken

Ho Hup is seeking the necessary legal advice to resolve and/or defend against this matter.

The case management date has been fixed by the Court on 28 September 2026 and the hearing date for this Winding up Petition is fixed on 27 October 2026.

The Company will make further announcement on any material development on this matter.

 This announcement is dated 2 September 2026.