The Board of Directors of Radium wishes to announce that Vistarena Development Sdn. Bhd. (an 80%-owned subsidiary of Radium) (“the Defendant”) had on 9 June 2023 been served with a Writ of Summons and Statement of Claim dated 1 June 2023 from 241 individual purchasers of Residensi Platinum OUG in Block B (“the Plaintiffs”) regarding a lawsuit (“the Suit”).

The Residensi Platinum OUG (“the Development”) comprises a combined development of condominiums (Block B), affordable housing (Block B), and civil servants housing (Block A) under the same development order.

Please refer to the attached document for further details.

This announcement is dated 13 June 2023.

Please refer attachment below.