The Board of Directors of the Company (“Board”) wishes to announce that following ChengCo PLT’s ("ChengCo") suspension of its audit licence by the Audit Oversight Board (AOB) of the Securities Commission Malaysia (SC), the Company had decided not to re-appoint Chengco at the 18th AGM held on 26 June 2026.  Hence, Chengco’s term of office as External Auditors of the Company ceased upon the conclusion of the 18th AGM.

The Shareholders had at the 18th AGM authorised the Directors to identify and appoint a new Auditors for the ensuing year and to fix their remuneration.

The Management has started sourcing other audit firms to be appointed.

Further announcement(s) will be made by the Company in due course once the nomination of new auditors is finalised by the Company.

This announcement is dated 4 July 2025.