Mlabs Systems Berhad announced that the Company is unable to release its Annual Report 2021 within the Relevant Timeframe. The delayed in the issuance of Annual Report 2021 was mainly due to the audit of the audited financial statements is currently still in progress. The management is currently working closely with the external auditors to finalise the audit expeditiously. The Company will endeavour to announce/issue its Annual Report 2021 to Bursa Securities and shareholders within four weeks from the date of this announcement. Pursuant to Rule 9.28(5) of the LR, if the Company fails to announce/issue the outstanding Annual Report 2021 within five market days after the expiry of the Relevant Timeframe (the last day of this five market days period is referred to as ?Suspension Deadline?) either on 8 November 2021, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of the Company. The suspension shall be effected on the next market day after the Suspension Deadline i.e. on 9 November 2021 and will be lifted on the market day following the announcement/issuance of the outstanding Annual Report 2021 unless otherwise determined by Bursa Securities. Pursuant to Rule 9.28(6) of the LR, if the Company fails to announce/issue the outstanding Annual Report 2021 within six months from the expiry of the Relevant Timeframes, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall commence de-listing procedures against the Company.