The Board of Directors of TVHB wishes to announce that on 8 April 2026, its subsidiary, Toyo Ink Group Berhad ("TIGB"), and its former Group Managing Director, Chew Cheong Loong, were served with a Writ of Summons and Statement of Claim dated 27 March 2026 filed at the High Court of Malaya at Shah Alam (Suit No. BA-22NCvC-113-03/2026).
The Suit was commenced by SET BUSINESS ADVISORY AND CONSULTING SDN BHD ("Plaintiff") through its solicitors. The Plaintiff's claim is in relation to an alleged arrangement fee arising from a loan facility purportedly secured for the benefit of TIGB in connection with the Song Hau 2 Thermal Power Plant Project.
The Plaintiff's claim is monetary in nature for the sum of RM12,000,000.00, along with interests and costs, which TIGB disputes.
Case Management has been scheduled for 30 April 2026.
The Company will continue to make the necessary announcements should there be any material developments in relation to this matter and will modify and/or update its disclosures as appropriate.
This announcement is dated 10 April 2026.