(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 28 January 2026)
Reference is made to the Company's announcements made on 28 January 2026 and 12 February 2026, respectively.
The Board of Directors of Chin Hin Group Berhad ("CHGB" or "the Company") wishes to further announce that:
1. Status of Court Proceedings
As updated in the Company's announcement made on 28 January 2026, the High Court granted an ad interim injunction in favour of KKSB ("Ad Interim Injunction Order"), to preserve the status quo of the matter pending the disposal of KKSB's Originating Summons dated 27 January 2026.
The inter-partes hearing for KKSB's injunction application and Exyte's application to set aside the Ad Interim Injunction Order was held on 1 April 2026 before the Kuala Lumpur High Court. Upon hearing from parties, the High Court reserved its decision to 27 April 2026.
On 27 April 2026, the High Court:
a) granted KKSB's injunction application for the Performance Bond with no order as to costs;
b) dismissed KKSB's injunction application for the Advance Payment Bond, with no order as to costs; and
c) dismissed Exyte's application to set aside the Ad Interim Injunction Order, with costs of RM7,500.00 payable by Exyte to KKSB.
KKSB has instructed its solicitors to file an appeal to the Court of Appeal against the High Court's decision in dismissing KKSB's injunction application for the Advance Payment Bond (the "Appeal") as soon as possible. KKSB will also be filing an Erinford Injunction application on 27 April 2026 to preserve the status quo of the matter pending the Appeal. The hearing for KKSB's Erinford Injunction application is currently fixed on 28 April 2026.
2. Confirmation as to Whether KKSB is a Major Subsidiary
KKSB is not a major subsidiary.
3. Further Announcements
The Company will make the appropriate announcements to Bursa Malaysia Securities Berhad ("Bursa Securities") as and when there are material developments in relation thereto in accordance with the Main Market Listing Requirements of Bursa Securities.
This announcement is dated 27 April 2026.