Reference is made to the Company’s announcement on 25 May 2022.

As announced earlier, the wholly owned subsidiary of the Company, Kumpulan Ikram Sdn. Bhd. (“KISB" or "Defendant”), had received a Writ of Summons and Statement of Claim served by Tenaga Nasional Berhad (“TNB” or “Plaintiff”) claiming RM6,799,961.83.

KISB had on 25 January 2022 filed an application for the discovery of the Project documents from TNB (“Discovery Application”).

The Company wishes to announce that the Penang High Court had dismissed the Discovery Application with cost in the cause.

The full trial date for the case is yet to be fixed by the Court.