Further to the announcements made on 27 November 2020, 25 January 2021, 16 March 2021 and 30 May 2022, the Board of Directors of Deleum Berhad (“the Company”) wishes to announce the update in relation to the suit commenced by Synergy Spectacular Sdn. Bhd. (“SSSB”) against Deleum Primera Sdn Bhd (now known as Deleum Technology Solutions Sdn Bhd) (“DTS”), an 86.67%-owned indirect subsidiary of the Company, vide Kuala Lumpur High Court Civil Suit No. WA-22NCvC-768-11/2020 (“the Suit”).

Following the conclusion of the trial on 23 March 2023, the following decisions were delivered by the High Court on 24 May 2023:

1. DTS is to pay the judgment sum of RM2,184,584.45 to SSSB as well as 5% interest per annum on the judgment sum until full settlement; and
2. DTS is to pay RM100,000.00 as the costs of the Suit to SSSB.

The above decisions do not have any material financial impact on the Group for the financial year ending 31 December 2023.

This announcement is dated 25 May 2023.