Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) 141 40. Subsequent events (continued) 40.1 Material litigation (continued) (b) The Company vs Bursa Malaysia Securities Berhad (“Bursa”) (continued) xii) A declaration that the decision of Bursa to suspend and further suspend the trading in the securities of the Company lacked procedural fairness and violated the rules of natural justice. xiii) An order that Bursa do forthwith remove the suspension of trading of the securities of the Company listed on the Main Market of Bursa under stock code 5279 and 5279WA. xiv) An order that Bursa be and is hereby restrained from taking steps, engaging in any conduct or otherwise taking any action to announce the whole or any part of the “Factual Findings Update”. xv) An order that Bursa be restrained from issuing any instructions to the Company to appoint any person to act as a special auditor of the Company to review or investigate the affairs of the Company and/or any of its subsidiaries. xvi) An order that Bursa be restrained from issuing any instruction to the Company to undertake any special independent review or any review and/or investigation into the affairs of the Company and/or any of its subsidiaries. xvii) Damages to be assessed by this Honourable Court; xviii) Costs; xix) Any other order and/or direction that this Honourable Court shall deem fit and proper. The High Court had fixed the hearing of the OS and the Company’s application for injunctive reliefs on 17 January 2022. Apart from the potential damages to be assessed and costs which may be awarded against Bursa and the corresponding legal costs, the OS is not expected to have any other material financial impact on the Company for the financial period ending 30 June 2022. The OS is not expected to have any business and operational impacts on the Company.