The Board of Directors of CHB (“Board”) wishes to inform that: (i) CHB’s wholly-owned subsidiary namely Carzo Fruits (M) Sdn. Bhd. (“CFSB”), being the borrower, (ii) Dato’ Sri Delon Lee Kean Yip (“LKY”) and (iii) Cheong Wai Keh (“CWK”), being the guarantors, for the Loan granted by MBB to CFSB, had on 19 May 2025, been served the Writ of Summons dated 14 May 2025 and Statement of Claim (“WS-MBB”) dated  21 April 2025 filed by MBB on 14 May 2025 regarding the Loan granted by MBB to CFSB at the Sessions Court in Kuala Lumpur (“Sessions Court”).

On 03 June 2025, MBB filed a summary judgment application to the Sessions Court (“the said Application”). The Sessions Court had subsequently fixed the case management date on 13 June 2025 (“Case Management”) for the said Application. During the Case Management, the Sessions Court directed the following:-

a.  the parties to exchange and exhaust the relevant affidavits and to file the relevant written submissions accordingly; and

b.  the decision date for the said Application on 10 September 2025.

MBB, a Licensed Commercial Bank governed by Bank Negara Malaysia, had granted Term Loan 1 (“TL1”) of RM1,000,000.00 and Term Loan 2 (“TL2”) of RM500,000.00 to CFSB, and pursuant to the WS-MBB:

a.  CFSB has total outstanding debt of RM443,102.23 as at 31 January 2025 owing to MBB in respect of the TL1 and TL2 granted by MBB to CFSB;

b.  MBB has claimed from CFSB, LKY and CWK the following:

     (i)  the outstanding debt under TL1 of RM164,349.08 together with:

           •  interest at 6.00% per annum in addition to Base Lending Rate, and

           •  additional interest of 1.00% thereon, calculated at daily basis from 01 February 2025 until full settlement of the outstanding debt;

    (ii)  the outstanding debt under TL2 of RM278,753.15 together with:

           •  interest at 5.00% per annum in addition to Base Lending Rate, and

           •  additional interest of 1.00% thereon, calculated at daily basis from 01 February 2025 until full settlement of the outstanding debt;

    (iii)  costs; and

    (iv)  any other reliefs that the Honourable Court deems fair and appropriate.

The Company has sought legal advice on the above matter and further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 24 June 2025.