We refer to the Company’s announcement dated 14 December 2023 where the Company had announced that it is an affected listed issuer pursuant to Paragraph 8.03A of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad, followed by its subsequent monthly announcements pursuant to Paragraph 8.03A of the MMLR on the updates and developments.

The Board of Directors of PICB wishes to inform that it is still in the midst of formulating a regularisation plan to address the Company’s affected listed issuer status.

The Company has approximately nine (9) months to submit a regularisation plan to the relevant authorities for approval. The Company will make the relevant announcements should there be any material development in relation to its regularisation plan.

This announcement is dated 1 March 2024.