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, 3 August 2026 and 1 September 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, 17 July 2026, 9 September 2026 and 25 September 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 18 June 2026,19 June 2026, 17 July 2026, 9 September 2026 and 25 September 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. The hearing of the RO Application proceeded on 24 September 2026 and the Court has further fixed the hearing decision on 12 October 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, 14 August 2026 and 22 September 2026 in relation to Petition served by Malayan Banking Berhad against the Company, the Company had been notified by its solicitors on 22 September 2026 that the High Court has adjourned the matter to 6 October 2026 for further case management.
As announced on 2 September 2026 and 29 September 2026 in relation to the Petition served by Elison Wong against the Company, the Company had been notified by its solicitors on 29 September 2026 that the High Court has fixed the matter for further case management on 13 October 2026, to update the High Court on the status of the Company's restraining order application.
For avoidance of doubt, the triggering of 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"). In relation thereto, the Board of Directors of the Company wishes to announce the following:-
(i) Ho Hup and M&A have mutually agreed to terminate M&A's services as the Principal Adviser for the Regularisation Plan; and
(ii) Ho Hup has appointed Berjaya Securities Sdn Bhd (formerly known as Inter-Pacific Securities Sdn Bhd) as its new Principal Adviser for the Regularisation Plan.
Further, as announced on 30 April 2026, the Company is required to submit its Regularisation Plan to the relevant authorities for approval by 17 October 2026. Notwithstanding the above, in view of the change in Principal Adviser for the Regularisation Plan, the Company intends to submit an application to Bursa Securities for a further extension of time to submit its Regularisation Plan. 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 2 October 2026.