The Board of Directors of Falcon Energy Group Limited to the Previous Announcements in relation to the filing of a Companies Winding-Up Application by way of HC/CWU 152/2019 by PT. Multi Karya Batajama in respect of Asetanian Marine Pte. Ltd., a wholly-owned subsidiary of the Company. The Board wishes to update and announce that the adjourned hearing of HC/CWU 152/2019 was heard on 9 July 2021 at 10am. Upon hearing the parties' submissions relating to an adjournment of the matter, the Honourable Court had directed that HC/CWU 152/2019 be adjourned for six weeks to 20 August 2021 at 10am.