Reference is made to the Company’s announcement dated 8 September 2020.

As announced earlier, the wholly owned subsidiary of the Company, Kumpulan Ikram Sdn. Bhd, had received a Writ of Summons and Statement of Claim served by Tenaga Nasional Berhad claiming RM6,799,961.83.

The Company wishes to announce that the Penang High Court has fixed 6 April 2021 as the date for Mediation proceeding. The Penang High Court has also fixed 9 April 2021 as the Case Management date to update the Court on the outcome of the said Mediation proceeding.