Reference is made to the Company's announcement made on 19 May 2026 ("Earlier Announcement") in respect of the Notice of Adjudication under the Construction Industry Payment
and Adjudication Act 2012 by CNYSB against IBSB. Unless otherwise defined, all terms and definitions used herein shall have the same meaning ascribed to them in the Earlier Announcement.
The Board of Directors of IHB wishes to announce that the exchange of pleadings in the adjudication proceedings concluded with CNYSB's service of its Surrejoinder dated 27 July 2026.
The Adjudicator was expected to render a decision within the statutory time frame of 45 working days from the close of pleadings, in accordance with the CIPAA 2012.
Subsequently, IBSB has received an Adjudication Decision dated 22 September 2026 (Ref: AIAC/D/ADJ-6414-2026) ("Adjudication Decision").
Kindly refer to the attachment for further details.
This announcement is dated 24 September 2026.