Unless otherwise stated or redefined herein, all abbreviations and definitions used shall have the same meanings as those used in the Company's announcement dated 13 February 2025 and the Circular dated 25 April 2025 in relation to the Disposal.
Reference is further made to the Company's announcements dated 30 June 2020, 28 September 2020, 6 October 2020, 22 October 2020, 31 May 2021, 1 June 2021, 13 February 2025, 8 July 2025, 9 July 2025, 11 July 2025, 26 September 2025, 19 December 2025, 29 December 2025 and 30 March 2026.
The Board of Directors of GUH Holdings Berhad ("the Company") wishes to announce an update on the status of the payment conditions pursuant to the Compensation Agreement dated 13 February 2025 and the Supplementary Agreement dated 8 July 2025 (collectively, "the Agreements") entered into between GUH Suzhou and the SHZ Management Office in respect of the Disposal.
GUH Suzhou has received the environmental testing results confirming that the Land meets the requirements of Class II land use; these results have been submitted to the SHZ Management Office.
Barring any unforeseen circumstances, the Company expects to receive the Tranche 4 final payment, representing approximately 20% of the total compensation for the Disposal, within the timeframe stipulated in the Agreements, i.e. on or before 30 June 2026.
The Company will make further announcements on the receipt of the remaining compensation sum and any other material developments in relation to this matter as and when necessary.
This announcement is dated 31 March 2026.