Reference is made to the Company’s announcements made on 17 December 2021, 7 January 2022, 9 February 2022, 9 March 2022,15 July 2022, 9 February 2023, 5 April 2023, 14 June 2023, 15 August 2023, 12 October 2023 and  4 December 2023 in relation to the Civil Suit No. BA-23NCVC-24-04/2021 Zeti Ismrizan Binti Isa & 5 Ors vs. Spring Energy Sdn Bhd (“Suit 24”). Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the earlier announcements.

The Board of Directors of Advancecon wishes to update that the Court has heard the parties' submissions and fixed the Decision for the Striking out application and Case Management for the Suit 24 on 27 March 2024. 

Any further material development of the above matter will be announced in due course.

This announcement is dated 7 February 2024.