The Board of Directors of the Company wishes to inform that Grand Dynamic Builders Sdn. Bhd. (“GDBSB”), a wholly-owned subsidiary of the Company, was made to understand that the parent company of Damai City Sdn. Bhd. (In Receivership) (“DCSB”), KSK Land Sdn. Bhd. (In Liquidation) (“the Applicant”), had filed an ex-parte application in the Kuala Lumpur High Court for (a) leave of court for DCSB to call a Creditors’ Meeting to approve a proposed scheme of arrangement between DCSB and its creditors (“the Scheme Creditors”) pursuant to Sections 366 and 368 of the Companies Act 2016 “the Act”); and (b) for all proceedings in any action and or any proceedings against DCSB including but not limited to enforcement of any security, winding up proceedings and any execution proceedings against DCSB be restrained for 3 months from the date of the court order (i) except with leave of court and subject to terms the court may impose (ii) with the exception of proceedings under Originating Summonses WA-24NCC-509-09/2025 and WA-24NCC-510-09/2025 respectively.  Section 368(1A) of the Companies Act 2016 provides for an automatic two-month moratorium upon filing an application pursuant to Section 368 of the Companies Act 2016, and as a result, the following actions have been temporarily suspended:-

(a) Kuala Lumpur High Court WA-22C-72-10/2024;

(b) Kuala Lumpur High Court WA-37J-74-11/2024

GDBSB’s solicitors has informed GDBSB that on 10 February 2026 it had filed a Notice of Application in the Kuala Lumpur High Court to intervene and to strike out the Applicant’s Originating Summons WA-24NCC(SOA)-3-01/2026.

Further announcements will be made to Bursa Malaysia Securities Berhad as and when there are material developments in relation thereof.

This announcement is dated 12 February 2026.