Further to the Company’s announcement made on 6 December 2022 in relation to the Adjudication Decision dated 5 December 2022 in respect of the Adjudication Proceedings pursuant to a claim by Proweld Engineering Sdn. Bhd. (“PESB”) against Citaglobal Energy Sdn. Bhd. (formerly known as WZS Misi Setia Sdn. Bhd.) (“Citaglobal Energy”) arising from work orders for the piping and mechanical works for the ASPAC KANCIL Project awarded by Citaglobal Energy to PESB on 16 October 2020 (“ASPAC KANCIL Project”).

On 20 January 2023, Citaglobal Energy had through its solicitors filed an application before the High Court of Kuala Lumpur to apply for an Order that the Adjudication Decision dated 5 December 2022 be set aside and/or declared null and ("Setting Aside Application") on the grounds that the Adjudication Decision is wrong and defective and the Adjudicator has acted contrary to and in conflict with natural justice. The costs of these proceedings are to be borne by PESB.

The service of cause papers by solicitors for Citaglobal Energy for the setting aside of the adjudication award in favour of PESB was done successfully on 31 January 2023. 

This announcement is dated 2 February 2023.