We refer to the Company’s earlier announcements dated 15 March 2021, 22 September 2021, 6 July 2023, 7 July 2023, 15 April 2024, 25 July 2024, 30 July 2024, 1 August 2024, 13 January 2025, 16 January 2025, 24 January 2025 and 27 January 2025 (collectively referred to as the “Announcements”) in relation to the settlement agreement entered between SCIB Properties Sdn. Bhd. (“SCIBP”), a wholly-owned subsidiary of SCIB and Awana JV Suria Saga Sdn. Bhd (“AWANA”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.

The Board of Directors of SCIB wishes to announce that the Company filed a legal Suit on 5 February 2025 against AWANA, where it is demanded for AWANA to cause SCIB to be discharged as the Corporate Guarantor in favour of MBSB Bank Berhad within 30 days from the judgment or such other time as the court deems appropriate. An interlocutory injunction application was also filed in tandem with the Suit seeking to restrain AWANA from utilizing the facility granted by MBSB Bank Berhad pending disposal of the Suit.

The details of the Suit will be announced in a separate announcement under Material Litigation pursuant to Paragraph 9.04 of the Main Market Listing Requirements of Bursa Securities.

This announcement is dated 10 February 2025.