The Board of Directors of the Company wishes to announce that its wholly-owned subsidiaries, Serba Dinamik Group Berhad (“SDGB”) and its indirect wholly-owned subsidiaries, Serba Dinamik Sdn Bhd (“SDSB”), Serba Dinamik Development Sdn Bhd (“SD Development”) and SD Controls Sdn Bhd (“SD Controls”) (SDGB, SDSB, SD Development and SD Controls are referred as “SD Subsidiaries”) have on 10 February 2022, filed their respective Originating Summons pursuant to Section 405 of the Companies Act, 2016 in the High Court of Malaya at Kuala Lumpur for the SD Subsidiaries to be placed under judicial management (“JM OS”).
AUDITORS The auditors, Al Jafree Salihin Kuzaimi PLT, have expressed their willingness to accept the appointment. The auditors’ remuneration is disclosed in Note 26 to the financial statements.
AUDITORS’ INDEMNITY To the extent permitted by law, the Company has agreed to indemnity its auditors, Al Jafree Salihin Kuzaimi PLT, as part of the terms of its audit engagement against claims by third parties arising from the audit (for an unspecified amount). No payment has been made to indemnify Al Jafree Salihin Kuzaimi PLT during or since the end of the financial year.
Signed on behalf of the Board of Directors in accordance with a resolution of the Directors.