[Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the Prospectus of Panda dated 8 November 2023 in relation to the IPO ("Prospectus")] 

Reference is made to the Company's Prospectus dated 8 November 2023 that was issued in conjunction with the listing and quotation of its entire share capital on the ACE Market of Bursa Malaysia Securities Berhad on 23 November 2023. The Company raised gross proceeds of approximately RM17.49 million from its IPO ("IPO Proceeds").  

Subsequently, the Company had on 28 August 2025 announced the variation and extension of timeframe for the utilisation of RM1.06 million of the IPO Proceeds initially earmarked for the establishment and enhancement of service hub for Northern region of Peninsular Malaysia, East Malaysia and Johor ("Announcement on the First Variation and Extension").  

The Board of Directors of Panda wishes to announce that it has deliberated and resolved to approve:  

(i) variation of the utilisation of RM1.89 million of IPO Proceeds allocated for regional expansion in ASEAN countries to establishing additional service hub within Malaysia, and extension of the timeframe for an additional 12 months; and 

(ii) extension of the timeframe for the utilisation of RM3.00 million of IPO Proceeds allocated for headquarters expansion, for an additional 12 months,  

(collectively referred to as "2nd Variation and Extension"). 

Further details of the 2nd Variation and Extension are set out in the attachment below. 

This announcement is dated 26 August 2026.