Reference is made to the announcement made on 17 November 2021 in relation to the binding agreement dated 17 November 2021 entered into between the Company and Citaglobal (“Binding Agreement”) to exclusively explore and negotiate further with Citaglobal on a proposed acquisition by WZ Satu of the entire equity interest in Citaglobal Engineering Services Sdn Bhd from Citaglobal for an indicative purchase consideration of RM140 million (“Announcement”). Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcement.

The Company wishes to announce that the Company and Citaglobal have mutually agreed via a supplemental letter agreement dated 14 February 2022 to extend the Expiry Date for a period of 30 days from 15 February 2022 to 17 March 2022, with an automatic extension of an additional 30 days upon the expiry of such 30 days period to 16 April 2022 so as to provide the parties with additional time to negotiate, finalise and execute the Definitive Agreement (“Supplemental Letter”).

Save for the above, all the terms and provisions of the Binding Agreement shall remain in full force and continue to take effect and be binding to the parties of the Binding Agreement as if the same were specifically set out in the Supplemental Letter.

This announcement is dated 14 February 2022.