The Board of Directors of the Company ("Board") wishes to announce that the Company is proposing to provide additional financial assistance to MSR Green Energy Sdn Bhd ("MSRGE") in the form of corporate guarantee for banking facilities and uncommitted foreign exchange contract facilities (collectively referred to as the "Facilities") obtained by MSRGE from a licensed financial institution based in Malaysia, arising from the following:-

(i) net increase in the Company's equity interest in MSRGE from 20.00% to 24.55% following the acquisition of an additional 10.00% equity interest in MSRGE on 19 March 2025, and the subsequent dilution of 5.45% resulting from the conversion of redeemable convertible preference shares ("RCPS") by KVC Corporation Sdn Bhd ("KVC Corp") on 30 June 2026; and

(ii) the additional and new facilities subsequently obtained by MSRGE.

("Proposed Provision of Additional Financial Assistance")

Further details of the Proposed Provision of Additional Financial Assistance are set out in the attachment enclosed.

This announcement is dated 1 July 2026