Refer to the Company’s announcements made on 9 June 2025, 10 June 2025, 11 June 2025, 19 June 2025 and 23 June 2025.

The Company wishes to announce the following:

(a) The 4th paragraph of the announcement dated 23 June 2025 is to read as follows:

The learned High Court Judge heard the preliminary objections raised as well as merits of Enclosure 28, all of which form the subject matter of Court’s determination pending decision.

(b) The 5th paragraph of the announcement dated 23 June 2025 is to read as follows:

The learned High Court Judge also heard the Contributories’ (Fintec Global Limited and Asiabio Capital Sdn Bhd) application for an ad interim stay of the Winding Up Order in Kuala Lumpur High Court Post-Winding Up No. WA-28PW-279-06/2025. The said application is likewise pending Court’s determination/decision. In this regard, the issue of the proposed commissioning of a solvency report was also raised by the Company although no direction or decision was given as to the same.

(c) The date of appointment of the Liquidator.

On 28 May 2025 as per Winding Up Order dated 28 May 2025.

(d) The particulars of the liquidator.

The Official Receiver of the Jabatan Insolvensi Malaysia be appointed as the liquidator for Seacera Group Berhad (SGB) (Company No.: 198701005080 [163751-H]), as per Winding Up Order dated 28 May 2025.

(e) The details of the events leading to the appointment of the liquidator.

The filing of a Winding Up Petition by the Petitioner, Mohamad Suffian Bin Ismail on 17 December 2024 where the Company, SGB indebted to the Petitioner in the sum of RM368,190.74 due and owing pursuant to the Industrial Court Award No. 2317 of 2023 dated 4 December 2023 against the Company in Industrial Court Case No. 3/4-764/20 together with the sum of RM25,030.25, being interest at the rate of 8% per annum.

(f) The terms of reference of the liquidator.

The liquidator has been appointed pursuant to the relevant provisions of the Companies Act 2016 and is entrusted with full authority to administer and wind up the affairs of the Company.

(g) The financial and operational impact of the aforesaid appointment on the group, if any.

The appointment of the liquidator over SGB signifies that the company is no longer able to continue as a going concern. This has a material and immediate financial and operational impact on the group. All business operations of SGB have effectively ceased or will cease in due course. The group’s assets will be realized and liabilities settled in accordance with the liquidation process. All financial reporting and obligations to stakeholders will now be handled through the appointed liquidator.

(h) The effect of the appointment on the business operations of SGB.

The appointment of the liquidator results in the cessation of SGB’s business operations. The board of directors no longer has executive control over the company, and the powers of management are now vested in the liquidator. The company will no longer pursue its business objectives and will instead focus on the orderly winding-up of its affairs, including the realization of assets and distribution to creditors in accordance with applicable insolvency laws.

(i) The steps taken or proposed to be taken by SGB in respect of the appointment of the liquidator.

Following the appointment of the liquidator:

1. Control of the company’s affairs has been handed over to the liquidator, who will now oversee the liquidation process;
2. SGB has ceased business operations unless otherwise determined by the liquidator;
3. All relevant regulatory authorities (including the stock exchange and corporate regulators) have been or will be notified; and
4. The Company will work with the liquidator to ensure full cooperation and compliance with the legal and procedural requirements of the winding-up process.

(j) The role of the board of directors in light of the appointment of the liquidator.

Upon the appointment of the liquidator, the powers of the board of directors are suspended, and the liquidator assumes full control over the management and affairs of the company. The directors’ role is now limited to cooperating with the liquidator, providing necessary documentation and information, and assisting in the investigation or resolution of the company’s affairs. The board no longer has authority to make decisions regarding the company’s operations or strategy.

This announcement is made on 25 June 2025.