Reference is made to the Company's earlier announcements dated 21 May 2026, 5 June 2026, 19 June 2026 and 22 June 2026 in relation to the Notice to Shareholders calling for an Extraordinary General Meeting ("EGM") of TTB to be convened by certain shareholders of the Company namely, Mr Ang Lam Poah, M&A Nominee (Tempatan) Sdn Bhd, Mr Loo Leong Fatt and Ms Loo Foong Luan ("Shareholders"), claiming to have a combined shareholding of not less than 10% of the Company's paid-up share capital, purportedly pursuant to Section 310(b) of the Companies Act 2016.
Further to the announcement made on 22 June 2026 and query from Bursa Malaysia Securities Berhad, the Board of Directors of TTB ("Board") wishes to furnish the following additional information:
Enclosures 1, 3 and 21 relate to the legal proceedings filed under the same suit. Enclosure 1 relates to the main action filed by Mr. Ang Lam Poah, Mr. Loo Leong Fatt and Ms. Loo Foong Luan as Plaintiffs against TTB and its directors as Defendants ("Main Action"), as well as the counterclaim filed by the TTB and its directors as Plaintiffs in the counterclaim against Mr. Ang Lam Poah, Mr. Loo Leong Fatt, Ms. Loo Foong Luan and M&A Nominee (Tempatan) Sdn Bhd as Defendants in the counterclaim ("Counterclaim").
The Main Action was filed on 29 May 2026, received by TTB on 4 June 2026 and announced on 5 June 2026. The Main Action seeks, amongst others, declarations that the directors shall act only as caretaker directors pending the EGM, that the directors shall not do certain acts pending the EGM, including changing board composition, varying or altering the designation, authority or management structure of the directors and/or senior management including its subsidiaries, issuance of shares, undertaking any corporate exercise, financing arrangement, procuring material contracts, disposing, transferring, charging and/or dealing with any material assets outside ordinary course of business, frustrating the EGM.
TTB and its directors filed the Defence and Counterclaim on 17 June 2026, which was announced on 19 June 2026. The Counterclaim seeks, amongst others, declarations that the Notice of EGM dated 20 May 2026 is invalid, that the EGM scheduled for 10 July 2026 is invalid and of no legal effect, and damages to be paid.
On 22 June 2026, the court gave further directions in respect of the Main Action and Counterclaim (Enclosure 1), namely for the filing of the Reply to Defence and Defence to Counterclaim and Reply to Defence to Counterclaim. The next case management for the Main Action and Counterclaim (Enclosure 1) is fixed for 29 July 2026 to obtain further directions from court.
Enclosure 3 is the injunction application filed by Mr. Ang Lam Poah, Mr. Loo Leong Fatt and Ms. Loo Foong Luan against TTB and its directors on 29 May 2026, received by TTB on 4 June 2026 and announced by the Company on 5 June 2026. This injunction application seeks to restrain the directors from doing certain acts pending the EGM, including changing board composition, varying or altering the designation, authority or management structure of the directors and/or senior management including its subsidiaries, issuance of shares, undertaking any corporate exercise, financing arrangement, disposing, transferring, charging and/or dealing with any material assets outside ordinary course of business, as well as frustrating the EGM.
Enclosure 21 is the injunction application filed by TTB and its directors against the Shareholders on 17 June 2026, which was announced by the Company on 19 June 2026. This injunction application seeks, amongst others, to restrain the EGM or, in the alternative, seek the Court's directions regarding the EGM.
On 22 June 2026, both injunction applications were called for hearing. The outcome for Enclosures 3 and 21 was announced on 22 June 2026.
The Chairman of EGM shall be appointed in accordance with Article 76 of TTB's Constitution, which states that "The chairman of the Board or in his absence, the deputy chairman of the Board, shall preside as chairman at every meeting of Members. If there is no such chairman or deputy chairman or if at any meeting, the chairman or deputy chairman is not present within fifteen (15) minutes after the time appointed for holding the meeting or is unwilling to act as chairman, the meeting shall choose one Director to be chairman, and if no Director is present or if all the Directors present decline to take the chair, the meeting shall choose one Member present to be chairman. However, a proxy shall not be eligible for election as chairman of the meeting."
Out of the list of actions sought to be restrained above, the directors of TTB are, pending the EGM on 10-7-2026, only restrained from (i) appointing any additional director or altering the composition of the board of TTB, and (ii) issuing, allotting, converting and/or dealing with any shares, securities or instruments capable of affecting or diluting shareholders' voting right or the outcome of the EGM.
TTB will provide the Email ROD, mailing label and ROD to the Plaintiffs' solicitors. TTB will also make announcement of the EGM on Bursa Link. 2 representatives will be appointed by TTB to be present for the polling and to scrutinize the votes or ballots and have access to the votes or ballots.
The Company will make further announcements as and when there are material developments in respect of the Main Action and Counterclaim (Enclosure 1).
This announcement is dated 23 June 2026.