Reference is made to the Company’s earlier announcement on 1 October 2020 and subsequent inclusions in the Annual Reports and Quarterly Results where actions were taken by FSBM CTech Sdn Bhd (“CTECH”) and FSBM Holdings Berhad (“FSBM) against Technitium Sdn Bhd (“TSB”). FSBM and FSBM CTech had filed a suit in the High Court against Dr Azman Bin Awang (Azman), Haliza Binti Bidin (Haliza), Mariana Binti Ahmad Tahar and TSB as 4th Defendant for recovery of debts amounting to RM32,409,434.77 and RM8,563,212.64 respectively.

Judgement was delivered on 6 January 2017 where Azman and Haliza were held jointly and severally liable and personally responsible, without any limitation of liability, for all the debts or other liabilities of TSB.

Following updates from the liquidator, bankruptcy proceedings were initiated against Dr. Azman Bin Awang and Haliza Binti Bidin, with Creditor’s Petitions filed on 16 August 2024. Bankruptcy Orders have since 8 January 2025 been obtained against both individuals, and no further legal action can be taken against them. The liquidator will proceed with submitting the Proof of Debt form along with the necessary supporting documents to the Official Assignee ("OA") for record-keeping and further actions regarding the outstanding amount owed to the Company. FSBM and FSBM CTech continue their efforts to recover the outstanding sum from TSB or its directors, Azman and Haliza.

This announcement is dated 28 February 2025.