Reference is made to the Company’s announcements dated 16 August 2021, 30 August 2021, 4 October 2021, 1 November 2021, 7 March 2022 and 18 March 2022 on the civil suit commenced by the Inland Revenue Board ("IRB"), on behalf of the Government of Malaysia, against Puncak Niaga Management Services Sdn Bhd ("PNMSSB") to recover the purported unpaid taxes under the Notices of Assessment known as Form J for the Years of Assessment 2017 and 2018 amounting to RM2,292,182.64 and RM1,988,472.96 respectively ("Notices") despite the interim stay on the enforcement of the Form J granted by the Kuala Lumpur High Court on 10 June 2021.

Puncak wishes to announce to the Exchange that the Shah Alam High Court fixed a case management on 21 December 2023 for PNMSSB to update the Shah Alam High Court on the status of the stay application and the appeal by PNMSSB before the Court of Appeal.

This announcement is dated 15 November 2023.