We refer to the Company's announcment dated 9 October 2024, 20 November 2024, 28 November 2024 and 27 February 2025 in relation to the non-compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of MMLR.

The Board of Directors of NPC wishes to announce that Bursa Securities has via its leter dated 23 April 2025 resolved to grant the Company a further extension of time from 2 April 2025 to 30 September 2025 or until the Delisting of NPC from Official List, whichever is earlier, to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the MMLR.

As at the date of this announcement, the public shareholding spread of the Company is 11.66% based on its Record of Depositors dated 18 April 2025. 

On 3 April 2025, the Company announced and issued a Circular to Shareholders in relation to the Proposed Selective Capital Reduction and Repayment Exercise of the Company Pursuant to Section 116 of the Companies Act 2016 ("Proposed SCR")("Circular"), which will be tabled for shareholders' approval at the forthcoming Extraordinary General Meeting ("EGM").

Barring any unforeseen circumstances and subject to the fulfilment of the conditions of the Proposed SCR as set out in Section 9 of the Circular, the Proposed SCR is expected to be completed in the second quarter of calendar year 2025.

Upon completion of the Proposed SCR, the Company will make an application to Bursa Securities pursuant to Paragraph 16.08 of the MMLR to delist the Company and withdraw listing status from the Official List of Bursa Securities. Accordingly, the Company will be deemed not subject to MMLR.

However, in the event the Proposed SCR is unsuccessful and is not implemented due to, among others, failure to fulfil the conditions and/or obtain the approvals for the Proposed SCR as set out in Section 9 of the Circular, the Company may remain listed on the Main Market of Bursa Securities subject to Company's compliance with the Public Spread Requirement.

In the event the Proposed SCR is not approved by the shareholders, the Company do not intend to rectify the Public Spread Requirement. In this regards, the Company will remain in a state of non-compliance of the Public Spread Requirement until such time our Company is able to undertake rectification action to raise its public shareholding spread level.

This announcement is dated 23 April 2025