Kingsmen Creatives Ltd.: Update on Winding Up Petition for Kingsmen Projects Sdn. Bhd.

Key Points for Investors

• Ongoing Legal Proceedings: Kingsmen Creatives Ltd. (the “Company”) has issued an update regarding legal action involving its 71%-owned indirect subsidiary, Kingsmen Projects Sdn. Bhd.
• Winding Up Petition: The petition was filed by F&C Steel Technology (M) Sdn. Bhd. in the High Court of Malaya at Shah Alam, Selangor, Malaysia.
• No Material Developments: Since the initial announcement made on 4 February 2026, the Company confirms that there have been no material developments in relation to the petition.
• Ongoing Monitoring: The Board assures shareholders that further announcements will be made if there are significant changes or material developments regarding the matter, as required by the Singapore Exchange’s listing rules.

Important Information for Shareholders

• Potential Impact on Financial Position: At present, there is no information to suggest that the winding up petition has had, or is expected to have, a material impact on the Group’s financial position.
• Price Sensitivity: Legal actions of this nature can potentially affect investor sentiment and share price, particularly if material developments arise. However, as of the latest update, there is no significant change that would impact the Group’s valuation or financial health.
• Regulatory Compliance: The Company is in compliance with disclosure obligations under Listing Rule 704(23) of the SGX-ST, ensuring transparency for all stakeholders.
• Management Oversight: The update was officially approved and issued by Executive Chairman Soh Siak Poh Benedict, reflecting the Company’s commitment to keeping investors informed.

Additional Details

• Background: The winding up petition against Kingsmen Projects Sdn. Bhd. was brought by a creditor, F&C Steel Technology (M) Sdn. Bhd., and is currently before the High Court of Malaya.
• Ownership Structure: Kingsmen Projects Sdn. Bhd. is 71% indirectly owned by Kingsmen Creatives Ltd., making developments in this case relevant to the Group’s consolidated financials.
• Future Updates: The Company has committed to making further announcements if and when material developments occur.

Conclusion

While the initiation of a winding up petition could be considered price-sensitive information, the absence of any material developments since the last update means there is currently no significant impact on the Company’s financials or outlook. Investors are advised to monitor future announcements from the Company for any changes to the situation.

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making any investment decisions. The information contained herein is based on official company announcements as of 31 March 2026.

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