We refer to the announcement by Bright Packaging Industry Berhad (“the Company”) dated 4 September 2020 and 9 February 2021.

The Board of Directors of the Company wishes to announce that the next case management of the appeal of the application to intervene in Suit 171, Civil Appeal No. W-01(IM)(NCC)-80-02/2021 is fixed on 5 May 2021.

The Defendant 1 and 3 of the Suit 171 have filed a Discovery Application (“Enclosure 161”) against Bright Packaging Industry Berhad for the two Expert Reports commissioned by the Company as the Company has earlier engaged independent experts to conduct a Valuation Report and Forensic Audit Report (“Expert Reports”) in relation to the Suit 171.

The next case management of the Enclosure 161 is fixed on 28 April 2021.

The Board of Directors of the Company wishes to further inform that via a recent board meeting has made a decision to form a Special Committee to study and review the two Expert Reports and to provide recommendation to the Board.

This announcement is dated 12 April 2021.