The Board of Directors of the Company ("Board") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had vide its letter dated 6 April 2026 rejected the Company's application for a further extension of time to submit its regularisation plan.
In the circumstances and pursuant to paragraph 8.04(5) of the Main Market Listing Requirements of Bursa Securities ("Listing Requirements"), please be informed that:
(a) The trading of securities in Reneuco will be suspended with effect from 14 April 2026; and
(b) The securities of Reneuco will be de-listed on 16 April 2026 unless and appeal against the delisting is submitted to Bursa Securities on or before 13 April 2026 ("Appeal Timeframe"). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.
In the event the Company 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 16 April 2026 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 14 April 2026 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 ("Bursa Depository"), the securities will be withdrawn from Bursa Depository by the Company upon the de-listing of the securities from the Official List of Bursa Securities.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.
The Board wishes to further announce that the Company will be submitting an appeal to Bursa Securities against the decision to suspend and subsequently de-list the securities of the Company.
The Board will make further announcements on any material developments in due course.
This announcement is dated 6 April 2026.