Ahmad Zaki Resources Berhad (“AZRB” or “the Company”) wishes to announce that Ahmad Zaki Sdn Bhd (“Plaintiff”), a wholly-owned subsidiary of the Company had on 14 April 2021 served a Writ and Statement of Claim (“Claim”) on Edgenta Propel Berhad (“Defendant”)  pertaining to the Klang Valley Mass Rapid Transit's Putrajaya Line (MRT2) project for a Protection & Relocation of Utilities (Relocation of Telecommunications Works) sub-contract work, which was awarded to the Defendant via a Letter of Award dated 5 August 2016 (“the Works”).

The Plaintiff is claiming against the Defendant, amongst others, a sum of RM23,751,000.00 as liquidated ascertained damages and RM1,848,227.33 being the costs difference incurred by the Plaintiff in engaging a third-party replacement sub-contractor to complete the Works.

The Board of Directors is of the opinion that the Claim by Plaintiff is in the best interest of AZRB Group.

This announcement is dated 16 April 2021.