Reference is made to the outcome of the Twenty-Second Annual General Meeting of the Company held on 16 March 2023, where majority of the shareholders of the Company had resolved that the ordinary resolution pertaining to the re-appointment of Messrs CAS Malaysia PLT as external auditors of the Company was not carried.

Further to the above, the Board of Directors (“the Board”) of LAMBO wishes to announce that the Audit and Risk Management Committee and the Board have proposed to nominate Messrs ChengCo PLT (“ChengCo”) for appointment as new external auditors of the Company for the financial year ending 30 September 2023, after taking into account, inter alia, the adequacy of experience and resources of ChengCo.

On 16 May 2023, the Company received the letter dated 5 May 2023 from ChengCo indicating their willingness to accept the appointment as external auditors of the Company.

Pursuant to Section 271 (4) of the Companies Act 2016, the appointment of ChengCo as the new external auditors of the Company will be subject to the approval of LAMBO’s shareholders at an Extraordinary General Meeting (“EGM”) to be convened by the Company.

The notice of EGM pertaining to the proposed appointment of ChengCo as the new external auditors of the Company will be issued to the shareholders of the Company in due course.

This announcement is dated 16 May 2023.