1)        DATE OF PRESENTATION OF THE WINDING UP PETITION

Pursuant to Rule 9.19(20) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of Taghill wishes to announce that a petition has been filed against its wholly-owned subsidiary, SMSB.

2)        THE PARTICULARS OF THE CLAIM UNDER THE WINDING-UP PETITION, INCLUDING THE AMOUNT CLAIMED FOR AND THE INTEREST RATE

The Petition was filed by KK Scaffolding Sale & Rental Sdn. Bhd. in the High Court of Malaya at Kuala Lumpur on 20 January 2026 and was served on SMSB on 23 January 2026, which was received by the Company on 26 January 2026. The Petition was filed pursuant to Sections 465(1)(e) and 466(1)(a) of the Companies Act 2016 under Suit No. WA-28NCC-99-01/2026, seeking an order for SMSB to be wound up.

The amount claimed in the Petition is RM81,632.18, being the alleged outstanding sum in relation to scaffolding rental and related services. 

3)        CONFIRMATION AS TO WHETHER SMSB IS A MAJOR SUBSIDIARY

SMSB is not a major subsidiary of Taghill.

4)        TOTAL COST OF INVESTMENT IN SMSB

As at the date of this announcement, the cost of investment in SMSB is RM60.73 million.

5)        FINANCIAL AND OPERATIONAL IMPACT OF THE WINDING-UP PETITION

The Board is of the view that the Petition would not have any material adverse impact on the financial position or operations of the Group, taking into consideration that the amount claimed is not material to the Group.

6)        THE EXPECTED LOSSES, IF ANY, ARISING FROM THE WINDING-UP PETITION

Save for the legal cost and expenses connected to this matter, the Company is not expected to incur any further loss arising from the Petition.

7)        STEPS TAKEN AND PROPOSED TO BE TAKEN IN RESPECT OF THE WINDING-UP PETITION

The case management has been fixed on 26 February 2026 via e-Review, and the hearing of the Petition is fixed on 2 April 2026.

SMSB has appointed solicitors and will take the necessary steps to safeguard its interests, including contesting the Petition and/or seeking an amicable resolution, where appropriate.

The Company will make further announcements on any material developments in respect of the above matter in accordance with the Listing Requirements.

This announcement is dated 27 January 2026.