The Board of Directors’ of TOP BUILDERS hereby announces that the Company is unable to release to Bursa Malaysia Securities Berhad (“Bursa Securities”) its unaudited quarterly report for the period ended 30 September 2022 (“Quarterly Report”) by 30 November 2022, which is a period not later than 2 months after the end of each quarter of a financial year (“Timeframe”) as required under Paragraph 9.22(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Securities.

The delay in releasing the Quarterly Report is due to the Company’s Audited Financial Statements for the financial year ended 30 June 2022 is pending finalization.

Pursuant to Paragraph 9.28(5) of the MMLR of Bursa Securities, if TOP BUILDERS fails to announce/issue its Quarterly Report within 5 market days from the expiry of the Timeframe.

In addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of TOP BUILDERS.

The trading in the securities of TOP BUILDERS was suspended with effect from 8 November 2022 pending the submission of the Annual Report 2022.

Further, pursuant to Paragraph 9.28(6) of the MMLR, if TOP BUILDERS fails to announce/issue the Quarterly Report within 6 months from the expiry of the Timeframe, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against TOP BUILDERS.

This announcement is dated 30 November 2022.