Priceworth International Berhad announced that with reference is made to the company’s announcements dated 31 October 2019, 12 December 2019, 24 January 2020, 28 February 2020, 30 March 2020, 29 April 2020, 29 May 2020, 29 June 2020, 29 July 2020, 28 August 2020, 28 September 2020, 30 October 2020, 25 November 2020 and 24 December 2020 in relation to the Default in Payment to Bank Rakyat (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. The Board of Directors of PWI announced to inform that Bank Rakyat had granted extension of the settlement of the loan to 28 February 2021 as per the bank’s letter dated 22 December 2020, and there have been no changes to the extension granted.