ANNUAL REPORT 2025 223 NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 39. Significant subsequent event Impact of the Middle East Conflict 40. Changes in comparatives 41. Authorisation of financial statements for issue The financial statements for the year ended 31 December 2025 were authorised for issue in accordance with a resolution of the directors on 22 April 2026. The Middle East Conflict which started on 28 February 2026 and caused the closure of the Strait of Hormuz, has significantly disrupted many business operations around the world. For the Group, the impact on business operations has not been a direct consequence of the conflict, but a result of the indirect effects globally, notably surging energy prices, high shipping insurance, and supply chain bottlenecks through critical chokepoints through the Strait of Hormuz. The conflict is not an adjusting post balance sheet event. At this juncture, it is not possible to estimate the full impact of the conflict. As the conflict continues to evolve, it is challenging to predict the full extent and duration of its impact on businesses and the economy. As of the date of this report, the Group has not identified any material uncertainties that may cast significant doubt on its ability to continue as a going concern. The Group will continue to monitor the development of these events, reassess market conditions and implement proactive mitigation measures, where necessary, to mitigate the impact of conflict to the Group's business. Certain reclassifications have been made to the comparatives for land held for development, development properties, trade and other receivables, contract assets/liabilities and contract cost assets to conform with the current year's presentation. - 103 -
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