Reference is made to the Company's First Announcement dated 31 July 2024 and subsequent monthly announcements made by the Company in relation to the classification of the Company as an affected listed issuer under Guidance Note 3.
Unless otherwise defined herein, all terms and definitions used herein shall be the same as those defined in the previous announcements.
Bursa Securities had, vide its letter dated 18 August 2025, resolved to grant the Company an extension of time of 6 months up to 31 January 2026 to submit the Proposed Regularisation Plan and had on 6 April 2026 announced that Bursa Malaysia has granted further extension of time up to 31 July 2026. As at 16 July 2026, the Company had submitted its third extension of time application to Bursa Securities of 6 months up to 31 January 2027 and had on 11 August 2026 announced that Bursa Malaysia has granted further extension of time up to 31 January 2027 ("Third EOT Application").
The Company is working on the Regularisation Plan to address the Company's financial condition and is in discussions with several investment banks to secure a sponsor and finalise the terms of the proposed plan with the relevant stakeholders.
The Company shall make the necessary announcement in relation to the development on the above matter.
Based on the third extension of time granted by Bursa Malaysia for the submission of the Regularisation Plan, the Company has approximately five (5) months to submit its Regularisation Plan to the relevant regulatory authorities for approval.
This announcement is dated 1 September 2026.