Reference is made to the Company’s announcements dated 22 April 2025, 23 April 2025 and 24 April 2025 (“Announcements”). All abbreviations used in this announcement shall carry the same meaning as that given in the Announcement unless stated otherwise.

The Company wishes to inform that a Consent Judgement (“CJ”) entered between the Suzhou Wuzhong Conveying Chain Co. Ltd. (“Plaintiff”) And HL Advance Technologies (M) Sdn. Bhd. (“Defendant”) had been recorded at the High Court of Malaya at Shah Alam on 6 August 2025.

The salient terms of the CJ are as follows:

1. Without any admission of liability and on goodwill basis, the Defendant shall make payment of RM657,943.80 (Ringgit Malaysia: Six Hundred Fifty-Seven Thousand Nine Hundred Forty-Three and Eighty Sen) as full and final settlement of the Plaintiff’s original claim in the sum of RM939,919.72. The said sum shall be paid by the Defendant to the Plaintiff by way of monthly instalments over a period of twelve (12) months (hereinafter referred to as the “Monthly Settlement Payments on a Goodwill Basis”).
2. The Defendant shall make each Monthly Settlement Payments on a Goodwill Basis in accordance with the agreed schedule and shall provide written proof of payment, in the form of a bank-in slip, to the Plaintiff within forty-eight (48) hours of each payment.
3. All Monthly Settlement Payments on a Goodwill Basis shall be made in United States Dollars (USD), based on the MYR-to-USD exchange rate determined by the Defendant’s bank, on the payment date. Each party shall bear its own bank processing charges. As the Monthly Settlement Payments on a Goodwill Basis are denominated in MYR, the Plaintiff agrees that the Defendant shall not be held liable for any losses arising from currency conversion.
4. Upon full settlement by the Defendant of all Monthly Settlement Payments on a Goodwill Basis, the Plaintiff shall have no further claims against the Defendant in respect of any subject matter or cause of action arising prior to the date of this Consent Judgment.
5. In the event the Defendant fails or defaults in making any payment within the time periods agreed, the full outstanding sum of RM939,919.72 (after deducting any amounts already paid) shall become immediately due and payable as a debt ('Accrued Amount') by the Defendant to the Plaintiff, with late payment interest imposed at the rate of 5% per annum from the date of default until the date of full settlement.
6. No Order as to Costs.

Upon the CJ being recorded, the material litigation by the Plaintiff against the Defendant is hereby concluded.

This announcement is dated 6 August 2025.