Unless otherwise stated, all definitions used in this announcement shall have the same meaning as those defined in the announcement dated 24 July 2026.

Further to the announcement made on 24 July 2026, the Board of Directors of the Company ("Board") wishes to provide the following additional information:-

1.    Details of claims under the Petition

The Petitioner claimed that PRG had failed to pay the outstanding sum of RM21,219,000.00, being the advances made to the Company as disclosed in PRG's Annual Report 2025 ("Outstanding Sum"), details as set out in the statutory demand pursuant to Section 466(1)(a) of the Companies Act 2016 dated 30 June 2026.

The Outstanding Sum comprises (i) RM8,608,000.00 of advances bearing interest at 6% per annum, (ii) RM11,651,000.00 of non-interest-bearing advances, and (iii) approximately RM960,000.00 of accrued interest up to 31 December 2025.

2.    Financial and Operational Impact/Expected Losses

As of the date of the announcement, save for the Outstanding Sum claimed, the Company does not anticipate any additional financial and operational impact due to the filing of the Petition.  

As of the date of the announcement, save for the Outstanding Sum, legal fees and disbursement involved, PRG does not expect to incur additional losses arising from the Petition.

The Company has embarked on appointment of lawyer and accounting firm to advise Management and the Board in evaluating the Company's financial position and exploring restructuring options in light of the potential insolvency issues arising from the Petition.

3.         The Petition is fixed for case management by way of e-Review on 27 August 2026 and for hearing on 28 September 2026.

This announcement is dated 27 July 2026.