Reference is made to the Company's announcements made on 17 December 2021, 7 January 2022, 9 February 2022, 9 March 2022, 15 July 2022, 9 February 2023, 5 April 2023, 14 June 2023, 15 August 2023, 12 October 2023, 4 December 2023, 7 February 2024, 27 March 2024, 11 September 2024, 8 November 2024,15 November 2024, 3 March 2025, 24 June 2025, 16 October 2025, 6 January 2026, 7 January 2026, 21 January 2026, 23 January 2026, 4 February 2026 and 12 March 2026 in relation to the Civil Suit No. BA-23NCVC-24-04/2021 Zeti Ismrizan Binti Isa & 5 Ors vs. Spring Energy Sdn Bhd ("Suit 24"). Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the earlier announcements.
The Board of Directors of Advancecon wishes to announce that the Court of Appeal has allowed SESB's motion for an extension of time to file its Notice of Appeal. Upon allowing SESB's motion, the Court of Appeal has awarded costs of RM1,000.00 each to the 1st, 2nd, 3rd, 6th, 7th, 8th and 9th Respondents, and RM1,000.00 jointly to the 4th and 5th Respondents. SESB subsequently filed its Notice of Appeal on 11 March 2026.
Apart from filing the Notice of Appeal, SESB has also filed a cross-appeal to the Plaintiffs' appeal on the quantum of damages awarded by the High Court.
The Court of Appeal has fixed the first case management dates for the Plaintiffs' appeal on 20 May 2026 and for SESB's appeal on 9 June 2026.
Any further material development of the above matter will be announced in due course.
This announcement is dated 30 April 2026.