Reference is made to our announcements dated 29 May 2019 and 15 October 2019 in relation to the Civil Suit taken by Mudajaya Corporation Berhad (“MCB”), a wholly-owned subsidiary of the Company against Crest Worldwide Resources Sdn Bhd (“CWRSB”) seeking, amongst others, an order of Specific Performance against CWRSB to deliver vacant possession of the various parcels under the various sale and purchase agreements.  There was no material development on the case due to the Covid-19 pandemic and the Movement Control Orders since year 2020.

We wish to announce that recently the High Court of Kuala Lumpur has given the following directions:-

(a) Hearing for Order 14A application (physical) is fixed on 10 December 2021 at 10.30 am; and

(b) Trial for the Specific Performance suit (in the event the Order 14A application is not allowed) is fixed on 12 to 15 December 2022.

The Company will make the necessary announcement to Bursa Malaysia Securities Berhad as and when there is a material development on the matter.

This announcement is dated 19 November 2021.