We refer to the Company's previous announcements in relation to the subject matter. Unless otherwise stated, the definitions and terms used herein shall have the same meanings as those defined in the previous announcements.
The Board of Directors of Sunmow wishes to announce that Sunmow Construction Sdn Bhd has received the sealed Consent Judgment issued by the Sessions Court at Bintulu, recording the settlement reached between the Plaintiff and the Defendants in Suit No. BTU-B52NCvC-3-4/2024 ("Suit") on 17 April 2026. Accordingly, the Suit has been amicably resolved.
Pursuant to the terms of the Consent Judgment, the Defendants have agreed to pay a settlement sum of RM380,000 as full and final settlement of all claims arising from the Suit. The settlement sum shall be paid by way of 12 post-dated cheques in accordance with the payment schedule set out in the Consent Judgment.
Upon full compliance with the terms of the Consent Judgment, the parties shall have no further claims against each other in relation to the subject matter of the legal proceedings.
The Company does not expect the receipt of the settlement sum to have any material impact on its financial position or results of operations. The financial effects of the settlement, if any, will be reflected in the financial statements of the Company for the relevant financial period.
This announcement is dated 03 July 2026.