VINVEST CAPITAL HOLDINGS BERHAD (“VINVEST” OR “THE COMPANY”)

IN HIGH COURT OF MALAYA IN KUALA LUMPUR

SUIT NO.: WA-22NCC-536-07/2023

VINVEST CAPITAL HOLDINGS BERHAD (“Plaintiff”) VS

1. EA HOLDINGS BERHAD (“1st Defendant”)
2. SEE JOVIN (“2nd Defendant”)
3. NG CHENG SHIN (“3rd Defendant”)

The Company refers to its announcements dated 2 August 2023, 14 August 2023, 17 August 2023, 21 August 2023, 6 September 2023 and 10 October 2023. Unless otherwise stated, all definitions used throughout this announcement shall have the same meaning as defined in our said earlier announcements.

On 6 November 2023, the 3rd Defendant filed his Defence and Counterclaim dated 6 November 2023 in the Suit. The 3rd Defendant had named the Company, the directors of the Company, EA Holdings Berhad and its directors as defendants in the Counterclaim.

The 3rd Defendant claimed the following relief in the Counterclaim:

1. suatu deklarasi bahawa Tindakan Asal yang dimulakan oleh Vinvest Capital Holdings Berhad, Defendan Pertama melalui Tuntutan Balas dalam Mahkamah Tinggi Malaya di Kuala Lumpur adalah suatu penyalahgunaan proses;
2. suatu deklarasi bahawa Guaman No. WA-22NCC-535-07/2023 yang dimulakan oleh Mohammad Sobri bin Saad, Defendan Ke-3 melalui Tuntutan Balas dalam Mahkamah Tinggi Malaya di Kuala Lumpur adalah suatu penyalahgunaan proses;
3. terhadap Defendan-defendan melalui Tuntutan Balas secara bersesama dan berasingan, ganti rugi;
4. faedah daripada tarikh penghakiman hingga tarikh penyelesaian penuh dan muktamad;
5. kos; dan
6. apa-apa relief selanjutnya atau lain yang dianggap adil dan suai manfaat oleh Mahkamah yang Mulia ini.”

Further announcement will be made on any material development. This announcement is dated 17 November 2023.