Reference is made to the earlier announcement of the Company dated 21 September 2026.
Unless otherwise defined, all terms and abbreviations used herein shall have the same meaning as those defined in the earlier announcement of the Company.
The Board of Directors of the Company wishes to inform that the delay in the announcement arose primarily from an inadvertent internal oversight in the Company's assessment of its disclosure obligations in respect of the commencement of the legal proceedings.
As Savelite was the party initiating the legal proceedings for the recovery of its outstanding amounts due to them and the Management initially viewed the matter as a debt recovery action arising from the Company's ordinary course of business and did not, at the relevant time, fully appreciated that the commencement of the legal proceedings may be constituted as a material event requiring an immediate announcement to Bursa Malaysia Securities Berhad ("Bursa Securities").
Upon subsequently identifying the matter during the Company's internal review of its disclosure and compliance obligations, the Company promptly sought the necessary advice to ascertain the appropriate regulatory requirements. Following such review and advise, the Company took immediate steps to rectify the oversight and proceeded to make the announcement on Bursa Securities.
The Board of Directors of the Company wishes to emphasise that the delay was not intentional and the Company has since improved its internal review processes and relevant reporting requirements to prevent similar oversights occurring in the future.
This announcement is dated 23 September 2026.
Remarks:-
M & A Securities Sdn Bhd ("M&A"), being the Sponsor, was responsible for the admission of ES Sunlogy to the ACE Market of Bursa Malaysia Securities Berhad on 20 February 2025. M&A assumes no responsibility for the contents of this announcement.