Capital World Limited Issues Interim Material Update: Key Legal Developments and Corporate Status

Date: 31 March 2026

Company: Capital World Limited (Incorporated in the Cayman Islands)
Managing Director: Datuk Wira Eric Tan Eng Huat

1. Key Highlights from the Update

• Ongoing Major Legal Case: The substantive appeal for a lawsuit involving 99 plaintiffs is now scheduled for hearing in the Federal Court on 28 July 2026 after a series of case management updates.
• Other Legal Proceedings: No material developments reported in several other ongoing legal cases involving multiple parties.
• Corporate and Project Updates: No further progress on the sale of development rights and beneficial ownership for the Capital City Project’s five towers, nor on the completion of a Sales and Purchase Agreement with MK Mustafa. No new developments in the ongoing assistance with the Malaysian Anti-Corruption Commission (MACC) investigation.

2. Detailed Report

A. Update on Legal Claims Against the Group

1. Case Involving Teh Swee Neo, Lee Yong Hen, and 97 Other Purchasers

This long-standing legal dispute, involving a collective of 99 plaintiffs, continues to progress through the Malaysian judicial system. Following a leave application hearing on 2 December 2025, the Federal Court has set out a clear roadmap for the next stages:

• First case management for the substantive appeal is scheduled for 26 January 2026.
• Further case management, specifically to update the Court of Appeal’s Grounds of Judgment, is set for 27 February 2026.
• The Federal Court has now fixed 28 July 2026 as the date for the substantive appeal hearing.

Potential Impact: The outcome of this substantial legal claim could have significant ramifications for Capital World Limited, both financially and reputationally. Investors should note the timeline and monitor for further announcements, as any developments—particularly an adverse ruling—could be material and potentially move the share price.

2. Status of Other Legal Cases

The company reports no further updates regarding several other legal cases involving:

• Anna Ling and 124 other purchasers
• Chong Kim Chuan
• Pung It Teong and Tan Yee Ting
• Pey Boon Siong and 19 other purchasers
• Saravaneshwari A/P Subramaniam
• Nandagopalan A/L S.M. Samy

Investor Note: The status quo in these cases means no immediate new legal threats but continued uncertainty. Investors are advised to stay alert for any future updates.

B. Group’s Corporate and Project Status

As of this announcement, there are no additional updates on several fronts critical to the company’s operations and asset base:

• Sale of development rights and beneficial ownership of the five towers in the Capital City Project remains unresolved.
• No progress reported in the completion of the Sales and Purchase Agreement with MK Mustafa.
• No new developments in the company’s assistance with the Malaysian Anti-Corruption Commission (MACC) investigation.

Potential Share Price Sensitivity: Any positive or negative developments in these areas—particularly in the sale of major project rights or resolution of the MACC investigation—could materially affect Capital World Limited’s valuation and should be watched closely.

3. Important Advisory for Shareholders

The board advises shareholders to read this and upcoming announcements carefully. Investors are cautioned not to take any action regarding their securities in the Company which may be prejudicial to their interests until further information is available. If in doubt, consult with professional advisors such as stockbrokers, bank managers, or solicitors.

4. Contact and Compliance Note

The announcement has been reviewed by the company’s sponsor, RHT Capital Pte. Ltd., but not by the Singapore Exchange Securities Trading Limited (SGX-ST), which takes no responsibility for its contents. For queries, the sponsor can be reached at [email protected].

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult professional advisors before making investment decisions related to Capital World Limited.

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