Reference is made to the Company's announcements dated 23 January 2026, 27 February 2026, 3 March 2026 and 16 April 2026 in relation to the Company's non-compliance with the PSS requirement pursuant to Paragraph 8.02(1) of the MMLR of Bursa Securities. Unless otherwise stated, defined terms used herein shall have the same meanings as those previously defined.
The Board of Directors of AJB wishes to inform that Bursa Securities had, via its letter dated 16 April 2026, granted the Company a further extension of time of six (6) months up to 16 October 2026 to comply with the PSS requirement.
The Company has identified and is in the process of implementing a series of measures to address the shortfall in its PSS. These include, among others, potential equity placement exercises, engagement with strategic and institutional investors, as well as other capital market initiatives aimed at enhancing market liquidity and broadening its shareholder base.
The Board is confident that the measures currently being undertaken, together with the Company's underlying business fundamentals and growth prospects, will enable the Company to regularise its PSS within the extended timeframe.
The Company remains committed to ensuring full compliance with the MMLR and will make further announcements on the progress of its rectification plan in due course.
This announcement is dated 17 April 2026.