Reference is made to the announcements made by the Company on 21 May 2019, 1 July 2019, 1 August 2019, 23 August 2019, 3 September 2019, 1 October 2019, 23 October 2019 and 18 May 2020, 1 June 2020, 1 July 2020, 3 August 2020,1 September 2020, 1 October 2020, 2 November 2020, 1 December 2020, 4 January 2021, 2 February 2021, 1 March 2021, 1 April 2021, 3 May 2021, 1 June 2021, 1 July 2021 and 2 August 2021 (collectively "Announcements") in relation to the default in payment pursuant to Paragraph 9.19A of the Listing Requirements. Unless stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the Announcements.

The Company wishes to inform that in relation to the Announcements, the Company and its wholly-owned subsidiary, PBJV Group Sdn Bhd (“PBJV”) and Kota Laksamana 101 Ltd (“KL 101”) wholly-owned subsidiary of PBJV have, on 30 August 2021, been notified by its solicitors that the matter has been settled between all parties and the Writ of Summons and Statement of Claim both dated 17 April 2020 for the amount of USD43,789,997.91 (as at 29.02.2020) by Export-Import Bank of Malaysia Berhad (“EXIM BANK”) have since been withdrawn.

With the withdrawal of the said Writ of Summons and Statement of Claim by EXIM BANK the default has been successfully addressed.

This announcement is dated 30 August 2021.