(Reference is made to the announcement dated 11 November 2024, 16 January 2025, 10 March 2025, 25 March 2025, 25 April 2025, 29 May 2025, 29 August 2025, 3 March 2026 and 30 April 2026 in relation to the entry into HOA by Rivanis Ventures Sdn. Bhd., a subsidiary company of KPGB with Perbadanan Aset Keretapi (Railway Assets Corporation) ("Announcements"). Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the Announcements.)
Further to the Announcements, the Board of Directors wishes to announce that RVSB and RAC have on 26 May 2026 mutually agreed to extend the Agreement Period to execute the Definitive Agreement until 30 June 2026, as RVSB requires more time to deliberate on the viability of the Project, and for RAC to obtain the consent of the relevant authorities on the finalised Definitive Agreement.
Save for the above, all other terms and conditions as stipulated in the HOA shall remain in full force and effect.
The Company will make further announcement(s) to keep shareholders and potential investors informed, as and when there are further updates pertaining to the above matter, or, if there are any material developments.
This announcement is dated 26 May 2026.