Reference is made to the Company's announcement dated 4 May 2026 in relation to the Proposed Acquisition. Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as previously defined in the said announcement.
The Board of Directors of XL wishes to announce that the Proposed Acquisition has been completed on 31 May 2026 following the payment of the 1st Balance Purchase Price and the Final Balance Purchase Price as stipulated in the Asset Purchase Agreement.
The Board of Directors of XL wishes to inform the following:
(a) that the Seller and the Purchaser had mutually agreed that the sum of RM340,000.00 shall be retained by the Purchaser from the 1st Balance Purchase Price until the completion of certain post completion obligations by the Seller; and
(b) that the joint stocktake shall be undertaken by the Seller and the Purchaser after the completion date of 31 May 2026.
This announcement is dated 4 June 2026.