The Board of Directors ("Board") of Baba wishes to announce that the Company has on 26 August 2026 received a notice in writing dated 24 August 2026 from Messrs. TGS TW PLT on their resignation as the External Auditors of the Company pursuant to Section 281(1) of the Companies Act 2016 with immediate effect.

The resignation of Messrs. TGS TW PLT is a voluntary resignation, as both parties were unable to reach a consensus on the proposed increase in the audit fee for the financial year ending 31 October 2026. The Board of Baba is not aware of any other matters that need to be brought to the attention of the shareholders of the Company.

Further announcement will be made by the Company in due course once the appointment of new auditors is finalized by the Company.

This announcement is dated 26 August 2026.