MATERIAL LITIGATION

## para Reference is made to the Company’s announcement dated 31 March 2022. ## para As previously announced on 11 March 2019, a wholly owned subsidiary of the Company, HCM Engineering Sdn. Bhd. (“HCM”) has filed a legal suit at the Kuala Lumpur High Court against Kuasatek (M) Sdn. Bhd. (“Kuasatek”) (“Legal Proceeding”). ## para Pursuant to the Judgment on 31 March 2022, the Court has fixed 22 April 2022 for submission/clarification by the parties’ Solicitors before the Court Judge of the Judgment Sum awarded to HCM. ## para The Company wishes to announce that upon hearing the oral submission/clarification from HCM’s Solicitor, the Court held as follows: ## para 1) The Judgment Sum has been revised from RM584,279.67 to RM986,248.89 being the correct and accurate overpayment made by HCM to Kuasatek; ## para 2) An interest at the rate of 5% per annum will be imposed on the Judgment Sum from 22 April 2022 until full and final settlement of the Judgment Sum; and ## para 3) Legal costs of RM60,000.00 is awarded to HCM due to the complexity, amount of work and time used for the entire Legal Proceeding.