Reference is made to our announcements dated 29 May 2019, 15 October 2019, 19 November 2021,  21 December 2021, 23 October 2025 and 27 October 2025 in relation to the Civil Suit taken by Mudajaya Corporation Berhad ("MCB"), a wholly-owned subsidiary of the Company, against Crest Worldwide Resources Sdn Bhd ("CWRSB") seeking, amongst others, an order of Specific Performance against CWRSB to deliver vacant possession of  25 units of residential apartments, 5 units of commercial shops, 142 units of offices and 284 units of car parks & 99 units of motorcycle parks (herein described as "Assets" ) under the various sale and purchase agreements.

We wish to announce that CWRSB had appealed to Court of Appeal on the decision of the High Court dated 22 October 2025. This Appeal came up for hearing on 5 May 2026. The Court of Appeal decided on procedural technicality that the trial court judge has erred in exercising his discretion to direct a preliminary determination of the case under Order 33 of the Rules of Court 2012, as the issues to be determined required the consideration of disputed facts in a full trial. As such the Court of Appeal directed the case to be remitted for a full trial at the High Court below, and awarded a minimal cost of RM20,000 to CWRSB, as the decision of the High Court was occasioned by the High Court's directions and not on the application of MCB. The Court of Appeal further ordered that the cost of RM100,000 ordered by the High Court earlier, which has been paid by CWRSB to MCB, to be refunded to CWRSB. There are no further financial implications to this decision at present.

The Company will make the necessary announcement to Bursa Malaysia Securities Berhad as and when there is a material development on the matter.

This announcement is dated 6 May 2026.