Reference is made to the Company's announcement dated 14 April 2026 (the "Previous Announcement") in relation to the Proof of Debt lodged. Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the Previous Announcement.

The Company wishes to provide additional information as follows:

NMSB, a petroleum retail company dealing with marine gas oil and other petroleum products, is a customer of PISB. The outstanding trade receivables arose from the trading of marine gas oil by PISB to NMSB in the ordinary course of business. NMSB had made partial payments towards its outstanding invoices; however, the remaining balances of RM16,102,160.98 as set out in the Proof of Debt remain unpaid exceeding 9 months, despite follow-up actions undertaken by PISB.

The proposed full impairment of RM16,102,160.98 is expected to reduce the Group's consolidated earnings per share for the financial year ending 31 May 2026 by approximately 8.89 sen. In addition, the net assets per share of the Group is expected to decrease by approximately 8.89 sen.

This announcement is dated 16 April 2026.