The Board of Directors of PIB wishes to announce that, Capital Intertrade Sdn Bhd ("CISB"), a wholly-owned subsidiary of the Company, had served a Notice of Company Closure and Surrender of Operations to Sime Darby Auto ConneXion Sdn Bhd ("Sime Darby Auto") for the purpose of terminating its Dealer Sales and Service Agreement and surrendering the Ford dealership which was entered by the parties on 22 April 2011 ("the Termination"). Both parties had mutually agreed to cease the operation by 31 July 2026.

The termination was served upon deliberating and analyzing past performance, current and future possibilities which indicated a lack of sustainability and growth potential.

The Termination is not expected to have any material effect on the gearing, earning per share, net assets, and substantial shareholders' shareholdings of PIB for the financial year ending 30 September 2026. Nonetheless the Company is currently negotiating with other dealerships for a possible replacement and an announcement will be made once it has finalised.

None of the directors, major shareholders of PIB and/or persons connected to them have any interest, direct or indirect, in the Termination.

This announcement is dated 11 May 2026.