The Board of Directors of Lotus wishes to announce that the Company had on 6 June 2026 entered into a Memorandum of Understanding ("MOU") with Universiti Putra Malaysia to collaborate on joint research and development, knowledge sharing, technology transfer and academic-industry engagement in areas related to sustainable forestry and forest products.

Please refer to the attachment for the details of the MOU.

This announcement is dated 8 June 2026.