SUSPENSION AND DE-LISTING OF THE SECURITIES OF CARZO HOLDINGS BERHAD ("CARZO")

CARZO had failed to comply with Rule 6.06(2) of the LEAP Market Listing Requirements (“LEAP LR”) to acquire a new core business within the prescribed timeframe and Bursa Malaysia Securities Berhad (“Bursa Securities”) had decided to suspend the trading of the securities of CARZO and de-list CARZO pursuant to Rule 6.06(3) of the LEAP LR. In this regard: -

(a) the trading of the securities of CARZO will be suspended with effect from 10 October 2025; and

(b) the securities of the company will be de-listed on 15 October 2025 unless an appeal against the de-listing is submitted to Bursa Securities on or before 9 October 2025 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event CARZO submits an appeal to Bursa Securities within the Appeal Timeframe, the de-listing of the securities of the company from the Official List of Bursa Securities on 15 October 2025 will be deferred pending the decision on the company’s appeal. However, Bursa Securities will proceed to suspend the trading of the company’s securities on 10 October 2025 even though the decision on the company’s appeal is still pending. 

With respect to the securities of the company which are currently deposited with Bursa Malaysia Depository Sdn. Bhd. (“Bursa Depository”), the securities will be withdrawn from Bursa Depository by the company upon the de-listing of the securities from the Official List of Bursa Securities. The company will continue to update and maintain the shareholders’ information in their Register.

Upon the de-listing of the company, the company will continue to exist but as an unlisted entity. The company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities. The interests and rights of the shareholders will remain safeguarded under the Companies Act 2016.