We refer to the announcements dated 9 December 2019, 26 December 2019, 28 February 2020, 30 March 2020, 4 August 2020, 28 August 2020, 8 October 2020, 26 January 2021, 10 February 2021, 19 February 2021, 22 March 2021, 25 May 2021, 16 August 2021, 17 September 2021, 24 February 2022, 14 March 2022, 17 March 2023 and 3 April 2023 in relation to the Company’s non-compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Public Shareholding Spread Requirement”).

The Company wishes to announce PLS has complied with the Public Shareholding Spread Requirement.

For information of shareholders, the major shareholder and holding company of PLS, namely Ekovest Berhad had disposed 11,000,000 ordinary shares held in PLS to an institutional investor which was announced on 29 August 2023.

Based on the Company’s Record of Depositors as at 30 August 2023 after taking into account of the said shares disposal by Ekovest Berhad, the Company's public shareholding spread is 25.34%.

This announcement is dated 1 September 2023.