Reference is made to the announcement dated 5 July 2023, in relation to the submission of an extension of time application to Bursa Malaysia Securities Berhad (“Bursa Securities”) to comply with Paragraph 8.04 of the Listing Requirements (“Extension of Time Application”) and announcements dated 16 August 2023 and 23 August 2023, in relation to the appeal to Bursa Securities against the de-listing of the securities of the Company (“the Appeal”).

The Board of Directors is pleased to announce that Bursa Securities has decided to allow the Appeal and grant the Company an extension of time up to 15 May 2024 to submit its regularisation plan to the relevant authorities for approval (“Extended Timeframe”).

Bursa Securities will de-list the securities of the Company from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Main Market Listing Requirements in the event that:

(i) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe (i.e. on or before 15 May 2024);

(ii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

(iii) the Company does not succeed in its appeal; or

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

Upon occurrence of any of the events set out in (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date the Company is notified by Bursa Securities or on such other date as may be specified by Bursa Securities.

This announcement is dated 16 April 2024.