The Board of Directors of Falcon Energy Group Limited refers to the Previous Announcements. The Board wishes to inform that the Company has received a fresh statutory demand dated 14 July 2021 ("Statutory Demand") from the solicitors of Ambank (M) Berhad (Labuan Offshore Branch). The Statutory Demand demands, inter alia, payment of a sum of USD 24,283,378.31, being the alleged amount outstanding as at 13 July 2021 under various term loans and revolving credit facilities, including interest and late payment interests. The Company is seeking legal advice with respect to the Statutory Demand. Further announcements will be made by the Company and the Board via SGXNET as and when there are material developments in compliance with the listing rules of the Singapore Exchange Securities Trading Limited. The Group remains committed to the Restructuring and will continue to engage in discussions with its principal lenders and any other key stakeholders in relation to the Restructuring. However, there is no assurance or reasonable certainty that any discussions or any Restructuring options will materialise or be successfully concluded.