Unless otherwise defined, the definitions set out in the announcement dated 4 May 2026 shall apply.
Further to our announcement dated 4 May 2026, the Board of Directors of IQGHB wishes to update that:-
IQGHB does not trigger Paragraph 8.03A(2)(a) of the Main Market Listing Requirements ("MMLR") as IQM is not a major business operation of IQGHB's Group operations.
IQGHB does not trigger paragraph 8.03A(2)(b) of the MMLR for insignificant business or operations as the revenue attributable to the continuing operations represents more than 5% of the issued share capital of the Company. Based on the latest audited consolidated financial statements for the financial year ended 31 March 2025, the Group's revenue attributable to continuing operations represents approximately 125% of the issued share capital, which is above the 5% threshold.
- The estimated retrenchment compensation package of RM2.308 million as mentioned in 4.2 of the announcement dated 4 May 2026 comprised termination benefit of RM2.03 million, salary in lieu of notice of RM0.205 million, contractual bonus of RM0.071 million and service award of RM0.002 million.
This announcement is dated 6 May 2026.