Reference is made to the Company's announcements dated 3 December 2020, 10 December 2020, 16 December 2020, 14 January 2021,18 January 2021, 6 May 2021, 19 May 2021, 11 June 2021, 6 September 2021, 18 November 2021, 21 December 2021, 17 March 2022, 1 June 2022, 5 September 2022, 7 December 2022 and 16 February 2023 in relation to the Judicial Review Application filed by Puncak Niaga Management Services Sdn Bhd ("PNMSSB") to challenge the Notices of Assessment known as Form J which PNMSSB 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 at the case management today, the Kuala Lumpur High Court fixed the IRB's application to intervene in PNMSSB's Judicial Review Application for leave hearing on 18 September 2023. As the Kuala Lumpur High Court had previously granted an interim stay of the enforcement of Forms J on PNMSSB until the disposal of the leave hearing in respect of PNMSSB's Judicial Review Application, no taxes are payable by PNMSSB since the interim stay has been granted.

This announcement is dated 28 March 2023.