The Board of Directors of the Company wishes to announce that Maxi Steel & Aluminium Industries Sdn. Bhd. ("Maxi Steel"), a creditor of the Company's wholly-owned subsidiary, Rexallent Construction Sdn. Bhd. ("Rexallent"), had on 18 September 2026 filed an application with the High Court of Shah Alam (the "Court") for, amongst others, a compromise or arrangement between Rexallent and its creditors pursuant to Section 366 of the Companies Act 2016 (the "Proposed Scheme of Arrangement"), together with an application for a Restraining Order pursuant to Section 368 of the Companies Act 2016 (the "Restraining Order").

Please refer to the attachment below for more information.

This announcement is dated 18 September 2026.