We refer to the Company’s announcements made on 8 August 2019, 14 August 2019, 15 August 2019, 30 September 2019, 22 November 2019, 5 December 2019, 7 January 2020, 22 January 2020, 3 February 2020, 6 February 2020, 2 March 2020, 1 April 2020, 4 May 2020, 1 June 2020 and 9 June 2020 in relation to the default in payment to BOC. Unless otherwise defined in this announcement, all abbreviations used in this announcement are defined in the abovementioned announcements.

The Board of Directors of the Company wishes to announce that the above matter came up for case management of Enclosure 44 (the Defendants’ Stay of Execution Application to the Consent Judgment dated 5 December 2019), Enclosure 46 (the Defendants’ Setting Aside Application to the Consent Judgment dated 5 December 2019) and Enclosure 66 (the Defendants’ Application to Cross-Examine the Deponents of the Plaintiff) on 24 July 2020 wherein the Court had directed that the preliminary issue of jurisdiction be disposed off on 28 August 2020 and thereafter, to decide if a hearing date needs to be fixed. 

The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the High Court of Kuala Lumpur.

This announcement is dated 24 July 2020.