CEPATWAWASAN GROUP BERHAD ("CGB" or "Company")
Additional Information
Reply to Query

We refer to your Company’s announcement dated 3 March 2026 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) Financial information on Cash Horse

a) To provide summary of audited financial information of Cash Horse for the past 3 years (up until latest available unaudited results, if available) including but not limited to revenue, profit after tax, net assets and net tangible assets (“NTA”).

b) To tabulate the original cost of investment and the date of such investment in Cash Horse.

2) Basis and justification to the Disposal Consideration and Rationale of the Transaction

a) To specify the method of valuation adopted by the valuer (including the key bases and assumptions used in arriving at the valuation/ projection) and quantification of the value/ outcome of the valuation method/ report.

b) Based on the outcome of the valuation and NTA of Cash Horse as of 31 December 2024, to provide further justification to the Disposal Consideration.

c) To state the rationale for the Disposal Consideration being satisfied over 10 years period and whether the payment term is fair and reasonable and in the best interest of the Company. To also specify the risks it poses to the Company arising from such payment term together with mitigating factor or details of the Company’s right of recourse in the event of default.

d) To show how the pro forma gain from the Disposal Consideration of RM0.65 million at the Group level was derived.

e) Based on the performance analysis of Cash Horse taking into consideration the pro forma gain of RM0.65 million, the eventual effective interest held by the Company and the cross shareholdings in Cash Horse,  please provide further justification and elaboration as to how the Proposed Disposal would “realise the value of the Group’s renewable investments” and “provide greater liquidity through the trading of Timah Shares”.

3) Information on the Proposed Disposal

a) To provide a diagram illustrating the Proposed Disposals (before and after the transaction), include shareholdings structure (in percentage) of the target company (Cash Horse), Purchaser and Vendor including percentage of direct and indirect shareholdings held by each related parties (directors, major shareholders and persons connected to them) in the companies.

b) To quantify the effective interest (in percentage) that the Company would hold in Cash Horse after the Proposed Disposal.

c) To provide salient terms of the SSA including but not limited to condition precedent, events of default and termination clauses.

d) Whether any liabilities, including contingent liabilities, in relation to the Proposed Disposal which remain with the Company, together with the details and justification for such arrangements.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

Listing

Group Regulation

cc:-    Market Surveillance, Securities Commission