(Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the previous announcement.)

Reference is made to the announcements dated 04.12.2025, 25.02.2026 and 02.03.2026.

Please be informed that on 25.06.2026, the Plaintiff's application for Summary Judgment was heard before the learned Judge at the Shah Alam High Court. On 29.06.2026, the Honourable Court delivered its decision allowing the Plaintiff's application for Summary Judgment with costs of RM3,500.00, subject to allocatur.

The Plaintiff had previously via a writ of summons and statement of claim claimed against MESB for a sum of RM3,567,544.00 for alleged outstanding sum pursuant to a settlement agreement entered between the Plaintiff and MESB.

In this regard, MESB has been advised by its solicitors to consider filing an appeal against the High Court's decision. The Notice of Appeal must be filed within thirty (30) days from the date of the decision, i.e. on or before 29.07.2026. MESB has also been advised by its solicitors to consider filing an application for a stay of execution pending the disposal of the appeal.

MESB's Counterclaim remains subsisting and is unaffected by the summary judgment. The proceedings in respect of MESB's Counterclaim will continue notwithstanding the appeal.

The Company will make the necessary announcements as and when there are further developments in relation thereto.

This announcement is dated 29.06.2026.