Pursuant to Rule 9.19(38) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of PUC wishes to announce that the Company's External Auditors, Messrs UHY had expressed a "Basis for Qualified Opinion" on the Company's audited financial statements for the financial period from 1 July 2024 to 31 December 2025 in respect of the Company's investment in Pictureworks International Holdings Limited and its subsidiaries ("PW Group"), extracted as follows:

Basis for Qualified Opinion

The Group's investment in Pictureworks International Holdings Limited ("PWIH") was accounted for as an associate using the equity method up to the date when the Group lost significant influence over PWIH during the financial period. Following the loss of significant influence, the remaining interest was reclassified and measured as a financial asset at fair value through other comprehensive income ("FVOCI") in accordance with MFRS 9, as disclosed in Note 11 to the financial statements.

For the period during which PWIH was accounted for as an associate, the Group recognised its share of results of PWIH in the consolidated statement of profit or loss and other comprehensive income.

However, we were unable to obtain sufficient appropriate audit evidence in respect of the Group's share of results of PWIH recognised in the current financial period of RM2,417,506, and the corresponding comparative period of RM3,391,707, as disclosed in Note 8 to the financial statements as we were unable to obtain access to the relevant financial information of PWIH and did not receive the necessary information from the component auditors within the audit timeframe.

Consequently, we were unable to determine whether any adjustments might have been necessary to the Group's share of results of associates recognised in profit or loss, and the related disclosures in the financial statements.

Key Audit Matters

[Please refer to the attachment.]

The Company and the Company's External Auditors shall work closely to follow up to obtain clearance from PW Group component auditors on the PW Group audit for period ended December 2025.

PW Group component auditor's work is expected to be completed within Financial Year 2026, i.e., June 2026.

This announcement is dated 30 April 2026.