Link: https://links.sgx.com/1.0.0/corporate-announcements/5RCQCIYOLQJET9XU/9fbc3bdc7048ef2d1d18c4e20c1e4ddb5f0cd1f3e35ba2124b2b294864e45216

Summary:

• Enviro-Hub Holdings is updating shareholders on actions related to the profit guarantee for its 75% acquisition of Pastel Glove Sdn. Bhd. (PGSB).

• The company served a Letter of Demand to vendor Law Siau Woei (LSW) on 9 June 2025, seeking payment of MYR 22,964,380 (approx. S$6.95 million) for shortfalls in the 2023 and 2024 profit guarantees.

• There was no response or payment from LSW; Enviro-Hub filed a statement of claim in Malaysia on 8 July 2025, later withdrawn for revision.

• On 19 August 2025, the company filed a fresh statement of claim seeking:

  • Declaration of breach of contract by LSW and an order to pay RM22,964,380.

  • Aggravated and exemplary damages, pre- and post-judgment interest (5% p.a.), indemnity costs, and any additional court-ordered relief.

  • Damages for breach of director/fiduciary duties, including general, aggravated, and exemplary damages.

• The company reserves rights for further legal recourse and will continue to update shareholders on material developments.

• Shareholders are cautioned to exercise prudence regarding dealing in Enviro-Hub shares and to seek professional advice if uncertain about actions to take.