Reference is made to the Company's announcements dated 3 December 2020, 16 December 2020, 7 January 2021, 3 March 2021, 20 April 2021, 11 May 2021, 3 June 2021, 17 August 2021 and 17 January 2022 in relation to the Judicial Review Application filed by Puncak Niaga Construction Sdn Bhd (“PNCSB”) to challenge the Notices of Assessment known as Form G which PNCSB received from the Inland Revenue Board (“IRB”) on 23 November 2020 for the Years of Assessment 2017 and 2018 amounting to RM2,292,182.64 and RM 1,988,472.96 respectively (hereinafter referred to as “Notices”).

Puncak wishes to announce to the Exchange that the hearing of PNCSB's Judicial Review Application which was initially fixed for today was converted into a case management upon the respondent's, the Ministry of Finance's request. At the case management, the Kuala Lumpur High Court directed parties to attend the leave hearing fixed on 20 October 2022.  An interim stay of the enforcement of Form G on PNCSB was granted by the Kuala Lumpur High Court until the hearing of PNCSB's Judicial Review Application on 20 October 2022. In the meantime, no taxes are payable by PNCSB.

This announcement is dated 13 June 2022.