We refer to the announcements dated 16 April 2024, 22 April 2024, 13 May 2024, 20 May 2024, 5 June 2024, 12 June 2024, 25 June 2024, 17 July 2024, 25 July 2024, 25 September 2024, 25 November 2024, 20 January 2025, 13 March 2025, 28 May 2025, 28 July 2025, 13 August 2025, 30 September 2025 and 2 April 2026. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as those defined in that announcement.
The Board of Directors of CGB wishes to announce that, on 22 October 2026, CRGI and GQ reached an agreement with the Inland Revenue Board of Malaysia ("IRB") on the settlement of the tax disputes at RM8.3 million in total, subject to the finalisation of the settlement documentation. The settlement is not expected to have any material financial impact on the CGB Group, as the settlement amount has been provided for in CRGI and GQ's financial statements.
Upon finalisation of the settlement documentation, all legal proceedings instituted by CRGI and GQ in relation to the disputed notices of assessment will be discontinued, thereby bringing the tax disputes to a full and final resolution. The Company does not expect the settlement to have any further material adverse impact on the operations of the CGB Group.
The Company will make further announcements should there be any material developments in relation to this matter.
This announcement is dated 23 October 2026.
