(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the Prospectus of Elridge Energy dated 6 August 2024)
Reference is made to the Prospectus of Elridge Energy dated 6 August 2024 in relation to the IPO of the Company on the ACE Market of Bursa Securities and the announcement dated 27 November 2025 in relation to the 1st Extension of Time.
The Board of Directors of Elridge Energy ("Board") wishes to announce that it has deliberated and resolved to extend the timeframe for the utilisation of the IPO proceeds of RM47.00 million allocated for the following:
(i) RM20.00 million allocated for the "Land acquisition cost"; and
(ii) RM27.00 million allocated for the "Construction cost",
in relation to the construction of new factory and warehouse in Kuantan for a further 18 months from their respective existing timeframe from the date of listing on 22 August 2024.
For information, the Board had previously resolved to extend the timeframe for the utilisation of the IPO proceeds of RM47.00 million allocated for the "Land acquisition cost" and the "Construction cost" in relation to the construction of new factory and warehouse in Kuantan for an additional 12 months from their respective original timeframe from the date of listing ("1st Extension of Time").
Further details of the Extension of Time are set out in the attachment.
This announcement is dated 24 August 2026.