We refer to the announcement made on 16 January 2026 in relation to the EOT Application ("Announcement"). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Announcement.
On behalf of the Board of Directors of Asdion, Kenanga Investment Bank Berhad wishes to announce that Bursa Securities had, vide its letter dated 6 April 2026, resolved to grant the Company an extension of time of 6 months up to 31 July 2026 to submit its regularisation plan to the regulatory authorities for approval.
The aforesaid extension of time is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of Asdion and to de-list the Company in the event:
(i) the Company fails to submit its regularisation plan to the regulatory authorities on or before 31 July 2026;
(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or
(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.
Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of Asdion on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the de-listing.
This announcement is dated 6 April 2026.