From the desk of Serba Dinamik’s Shareholders To Theedgemarkets.com - Clarification on the Articles appearing in Theedgemarkets.com Website

By Pearlwhite 20th December 2021 9.48PM

To Theedgemarkets.com

We refer to the  articles appearing in theedgemarkets.com website on 6th December 2021 and 20th December 2021.

In this respect, kindly make an immediate announcement to the differences in the amount of alleged questionable transactions worth over RM4.5 billion versus RM1.438 billion, and any development thereof.

Yours faithfully

Serba Dinamik Shareholders

c.c.: Bursa Malaysia Securities Berhad Listing Department

        Bursa Malaysia Securities Berhad Regulation Department

        Market Surveillance Dept., Securities Commission Malaysia

“Serba Dinamik’s chairman, independent director quit claiming 'biased regulatory prosecution' towards group”

https://www.theedgemarkets.com/article/serba-dinamiks-chairman-independent-director-quit-claiming-biased-regulatory-prosecution

"Trading in the shares of Serba Dinamik has been suspended since Oct 22, after it failed to disclose the findings of a special independent review undertaken by Ernst & Young Consulting Sdn Bhd (EY Consulting) about an audit issue flagged by its then external auditor KPMG in May about some allegedly questionable transactions worth over RM4.5 billion."

"Bursa’s suit sheds more light on Serba Dinamik’s financials"

https://www.theedgemarkets.com/article/bursas-suit-sheds-more-light-serba-dinamiks-financials

"EY Consulting’s findings update recorded in the court documents highlight the same concerns that KPMG had over the company’s transactions. The court documents state that the financial impact on the company from EY Consulting’s findings under the SIR amounted to RM1.438 billion as at Oct 22, 2021."

* In respect of the article, it is recommended that you consult with a Certified Accountant/Chartered Accountant/Chartered Internal Auditor, Chief Financial Officer, Legal Counsel and/or Tax Advisor for advice concerning the article.

It is not recommend that consultations be made with Certified Financial Analyst, Brokers, Traders and/or MBA/MA Finance Graduates as they are deemed not to have the necessary competency and skills to evaluate and advise on such matters discussed in the article.