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, 17 January 2022, 13 June 2022, 6 September 2022 and 30 November 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 RM1,988,472.96 respectively (hereinafter referred to as “Notices”).

Puncak wishes to announce to the Exchange that upon the Kuala Lumpur High Court's instruction, the hearing of PNCSB's Judicial Review Application which was fixed on 30 March 2023 has been rescheduled to 13 July 2023. An interim stay of the enforcement of Form G on PNCSB was also granted by the Kuala Lumpur High Court until the hearing of PNCSB's Judicial Review Application on 13 July 2023. In the meantime, no taxes are payable by PNCSB.

This announcement is dated 22 March 2023.