Further to the announcement made on 15 December 2017, the Board of Directors of WB wishes to announce that PMT-Phoenix Industries Sdn. Bhd. [Registration No. 200201008151 (575814-M)] (“PMT-Phoenix”), an indirect wholly-owned subsidiary of WB had held its final meeting for the Member’s Voluntary Winding Up on 29 February 2024.

PMT-Phoenix will be fully dissolved after the expiration of three months from the date of lodgement of the Return by Liquidator relating to the Final Meeting with the Companies Commission of Malaysia and Official Receiver.

The Member’s Voluntary Winding Up of PMT-Phoenix will not have any effect on the share capital and shareholdings of the substantial shareholders of WB and will not have any financial impact on the gearing, earnings and net assets of WB Group for the financial year ending 31 December 2024.

None of the Directors, major shareholders, chief executive of WB and/or persons connected to them have any interest, direct or indirect, in the Member’s Voluntary Winding Up of PMT-Phoenix.

This announcement is dated 29 February 2024.