The Board of Directors of the Company wishes to announce that following the acquisition of shares in the Company by its substantial shareholder as announced today, the public shareholding spread of the Company has fallen to 24.98%, which is below the minimum public shareholding spread requirement of 25.00% pursuant to Rule 8.02(1) of the AMLR of Bursa Securities.

This percentage represents a shortfall of 0.02% from the minimum required percentage of 25.00% of the total listed shares to be in the hands of public shareholders.

As at the date of this announcement, the Company is already in the process of implementing a private placement of up to 109,060,000 new ordinary shares, representing approximately 10% of its existing issued share capital ("Proposed Private Placement"), which will serve as the rectification plan to address the shortfall in the required public shareholding spread.

The Company will also submit an application to Bursa Securities for an extension of time to regularise the shortfall in the public shareholding spread, taking into account the time required to complete the Proposed Private Placement.

The Company will make the required announcement on the status of compliance of the public shareholding spread requirement accordingly.

This announcement is dated 25 September 2026.