We refer to the announcements made by the Company on 21 March 2019, 26 March 2020, 26 March 2021 and 13 March 2023 in relation to the variation and extension of time for the utilisation of proceeds of RM43.75 million raised from the IPO (“IPO Proceeds”).

The Board of Directors of GDB (“Board”) wishes to announce that the Board has resolved to extend the timeframe for the use of the remaining IPO Proceeds of RM8.0 million which have been earmarked for the acquisition of land for storage of construction machinery and equipment for a further timeframe of twenty-four (24) months period up to 26 March 2028 (“Further Extension of Time”).

Please refer to the attachment for the details of the announcement. 

This announcement is dated 12 February 2026.