Reference is made to the proceeds raised from the private placement exercise of up to 22,376,700 new ordinary shares in the Company as disclosed in the Company's announcement dated 29 October 2024 ("Private Placement").
The Private Placement was deemed completed following the lapse of deadline for the Company to implement the Private Placement on 19 May 2025. Only the first tranche of 11,188,000 placement shares were placed out under the Private Placement ("Placement Shares"), whereby the Company had raised total proceeds of approximately RM3.41 million ("Private Placement Proceeds").
The Board of Directors of the Company wishes to announce that as at the date of this announcement, the Company has yet to fully utilise the proceeds raised from the private placement and had resolved to extend the timeframe for the utilisation of proceeds for an additional twelve (12) months from 2nd April 2026 to 2nd April 2027 ("the Extension").
Please refer to the attached document for further details.
This announcement is dated 25 May 2026.