Further to the PLB Engineering Berhad's announcements made on 19 March 2021 pertaining to the MOU made between the Company and China Railway Engineering Corporation (M) Sdn Bhd (“CRECM”) to declare their respective intentions to establish a basis of co-operation and collaboration for the Engineering, Procurement and Construction (EPC) work for the Rehabilitation Work, the Board of Directors of the Company announced that the MOU has lapsed and the Board of Directors is currently identifying potential funders.