On behalf of the Board of Directors of TXCD, Maybank Investment Bank Berhad ("Maybank IB") wishes to announce that the Company proposes to undertake the following to regularise its financial condition in accordance with Paragraph 4.2 of Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad:

1. proposed reduction of the issued ordinary share capital of TXCD and the issued irredeemable convertible preference shares capital of TXCD amounting to an aggregate of up to RM281.50 million pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction");

    

2. proposed reorganisation comprising the acquisition by TXCD from Ageson K2 Sdn Bhd, a wholly-owned subsidiary of Ageson Data Sdn Bhd ("Ageson Data") which in turn is a wholly-owned subsidiary of TXCD, of its entire equity interest in Ageson Kensetsu Sdn Bhd ("AKSB") ("Proposed AKSB Transfer"), followed by the disposal by TXCD of its entire equity interest in Ageson Data to Forever Synergy Sdn Bhd ("Proposed Disposal") (collectively, "Proposed Reorganisation"); and

    

3. proposed private placement of 275,000,000 new ordinary shares in TXCD ("Placement Share(s)"), at an issue price of RM0.08 per Placement Share to identified investors ("Proposed Private Placement").

(collectively to be referred to as "Proposed Regularisation Plan")

Further details of the Proposed Regularisation Plan are set out in the attachment.

This announcement is dated 21 August 2026.