Reference is made to the first announcement in relation to PN17 of the Listing Requirements made on 18 April 2025 ("First Announcement"), subsequent monthly announcements made on 2 May 2025, 3 June 2025, 1 July 2025, 1 August 2025, 2 September 2025, 1 October 2025, 3 November 2025, 1 December 2025, 2 January 2026, 3 February 2026, 2 March 2026, 1 April 2026 and 5 May 2026 ("the Monthly Announcements") and announcements made on 26 September 2025 and 7 November 2025 in relation to PN17 and announcements in relation to Proposed Scheme of Arrangement and Restraining Order made on 5 December 2025, 10 December 2025, 26 December 2025, 21 January 2026, 15 April 2026 and 30 April 2026 ("previous announcements"). Unless otherwise defined, all abbreviations and definitions used herein shall have the same meaning as defined in the previous announcements.
As announced on 30 April 2026, Bursa Securities had vide its letter dated 30 April 2026, resolved to grant the Company an extension of time of 6 months up to 17 October 2026 to submit its regularisation plan to the relevant regulatory authorities for approval.
As announced on 28 April 2026, 30 April 2026 and 18 May 2026 in relation to the Originating Summons (Ex Parte) filed by Omesti Holdings Berhad (the "Applicant"), the Applicant had refiled a new RO Application on 4 May 2026 and served a copy of the sealed RO Application on the Company on 15 May 2026. The Court has also fixed 19 May 2026 as the case management date for the new RO Application ("RO Application").
As announced on 21 May 2026, the High Court has fixed further case management for the RO Application on 12 June 2026 via e-Review.
The Company is in the process of formulating a plan to regularise its financial position ("Regularisation Plan"). The Company has approximately five (5) months to submit its Regularisation Plan to the relevant authorities for approval. The Company will make the necessary announcement(s) on the Regularisation Plan in accordance with the requirements under the PN17 of the Listing Requirements.
This announcement is dated 3 June 2026.