Pursuant to Rule 6.11(17) of the LEAP Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Supergenics wishes to announce that the Company's External Auditors, Messrs. Russell Bedford LC PLT had issued a statement of "Material Uncertainty Related to Going Concern" in respect of Supergenics' Audited Financial Statements for the financial year ended 31 December 2025.
The details of the material uncertainty related to going concern as disclosed in the Independent Auditors' Report is reproduced below:
Material Uncertainty Related to Going Concern
"We draw attention to note 2.2 in the financial statements relating to the condition which indicates that a material uncertainty exists that may cast significant doubt on the Group's and the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter."
Key Audit Matters
For further details on the Key Audit Matters highlighted by the External Auditors, shareholders are advised to refer to Page 7 to 9 of the Audited Financial Statement for the financial year ended 31 December 2025.
Steps taken or proposed to be taken to address the material uncertainty
i. Cost Rationalisation and Operational Streamlining
Continuous review and rationalisation of operating expenses, including workforce optimisation and operational efficiency initiatives.
ii. Support from Subsidiaries
The Group remains financially sound on a consolidated basis. The Board will continue to review and, where appropriate, strategically deploy the Group's available resources and positive cash flows from subsidiaries to support the Company's working capital requirements.
iii. Business Development and Performance Improvement Initiatives
The Company has taken proactive steps to secure new projects with the objective of improving operational performance and strengthening the Group's performance.
Timeline for steps referred above
These steps are expected to be executed immediately and the outcome of these proposal will be dynamic with no specific deadlines.
This announcement is dated 30 April 2026.