Reference is made to the previous announcement on 30 September 2021.

In regards to the Originating Summons (“OS”) served by Crestronics (M) Sdn. Bhd. (“CMSB”), a wholly-owned subsidiary of the Company to Panasonic Manufacturing Malaysia Berhad (“PMMA”), the Company has received the latest updates from its solicitors.

Subsequent to the hearing in the Kuala Lumpur High Court (“the High Court”) on 30 September 2021 with regard PMMA’s application to strike-out CMSB’s OS, the High Court had on 6 October 2021 decided to allow PMMA’s application and struck off CMSB’s OS.

CMSB intends to appeal to the Court of Appeal against the High Court’s decision.

The Company will make further announcement if there is any material update on the above said matter.

This announcement is dated 6 October 2021.