We refer to our first announcement dated 29 January 2021 and series of subsequent monthly announcements thereafter in relation to the Company triggering the prescribed criteria pursuant to Paragraph 8.03A 2(a)(aa) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”).

In compliance with the Company's obligations under the Listing Requirements, the Board of Directors wishes to inform: -

(i) that there is no material development on the status; and

(ii) that the Company has approximately 2 months to submit its regularisation plan to the relevant authorities for approval.

Further announcements will be made to Bursa Securities pertaining to any latest development in accordance with the requirements under Paragraph 8.03A of the Listing Requirements.

This announcement is dated 1 December 2022.