Reference is made to the Company’s announcement dated 4 August 2021.

As previously announced on 11 March 2019, a wholly owned subsidiary of the Company, HCM Engineering Sdn Bhd (“HCM”) has filed a legal suit at the Kuala Lumpur High Court against Kuasatek (M) Sdn Bhd (“Kuasatek”) (“Legal Proceeding”).

The Company wishes to announce that the Full Trial for the Legal Proceeding has been concluded on 11 October 2021. The Court has fixed 17 February 2022 for oral submission/clarification before the Court Judge.  

The outcome of the Legal Proceeding will be announced after the said oral submission/clarification or on a date to be determined and informed by the Court.