We refer to the Company’s announcements made on 6 October 2020, 26 November 2020 and also the continuous updates reported of the abovementioned material litigation in the respective quarterly results commencing from the 4th Quarterly Result financial period ended 31 December 2020, in respect of the Civil Suit No. WA-22NCvC-635-10/2020 in the High Court of Malaya at Kuala Lumpur commenced by Gabungan Strategik Sdn Bhd (“GSSB”), its wholly-owned subsidiary of the company, against:-

1. Geonamics (M) Sdn Bhd (“1st Defendant”)

2. Jurutera Perunding Primareka Sdn Bhd (“2nd Defendant”)

3. Yee Yong Yip (“3rd Defendant”)

4. Tiong Ping Siing (“4th Defendant”)

5. Tang Pui San (“5th Defendant”)

6. Mohd Noor Nazrul Bin Mohd Yusof (“6th Defendant”)

7. Azmi Bin Md Aziz (“7th Defendant”)

8. Wong Kee Choo (“8th Defendant”)

9. Choon Suan Fatt (“9th Defendant”)

10. Ahmad Bashti Bin Azmi (“10th Defendant”)

11. Foo Mun Pong (“11th Defendant”)

[collectively the “Defendants”]

In March 2021, the following defendants applied to strike out GSSB’s Suit against them: -

1. 2nd Defendant;
2. 3rd Defendant;
3. 4th to 6th Defendants and 11 Defendant; and
4. 9th and 10th Defendants,

[collectively the “Striking Out Applications”]. The 1st Defendant applied for a Determination of Question of Law under Order 14A of the Rules of Court, 2021 on 19 March 2021 (“Order 14A Application”).

The Striking Out Applications and Order 14A Application were heard before the Kuala Lumpur High Court Judge on 17th August 2021. The Judge reserved his decision to be delivered on Monday, 18 October 2021.

The Company will make further announcement on the above matter as and when there is a material development in relation thereof and/or upon receipt of any further directions by the Court.

This announcement is dated 20 August 2021.