We refer to the earlier announcements dated 13 August 2024, 30 September 2024, 8 October 2024 and 30 September 2025 in relation to the Proposed Transfer Listing. Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcements ("Announcements").

Reference is made to the Announcements.

On behalf of the Board, M&A Securities wishes to announce that Bursa Securities had vide its letter dated 17 March 2026, resolved the following:

(i)  to approve the proposed transfer of listing of Enest from the LEAP Market to the ACE Market of Bursa Securities and quotation for the entire enlarged issued share capital comprising 581,250,040 Shares on the ACE Market of Bursa Securities; and

(ii)  to grant the approval-in-principle for the registration of the listing prospectus of Enest. In this regard, M&A Securities is required to provide a confirmation of registration before 12.30 p.m. at least 7 market days prior to the intended date of registration.

Enest and/or M&A Securities are required to comply with the following:

1. Submission of the following information with respect to the moratorium on the shareholdings of the specified shareholders to Bursa Malaysia Depository Sdn Bhd:

(a)  Name of shareholders;

(b)  Number of shares; and

(c)  Date of expiry of the moratorium for each block of shares.

2. Approvals from other relevant authorities have been obtained for implementation of the transfer proposal;

3. The Bumiputera equity requirements for public listed companies as approved/exempted by the Securities Commission Malaysia including any conditions imposed thereon;

4. Make the relevant announcements pursuant to Paragraphs 8.1 and 8.2 of Guidance Notes 15 of the ACE Market Listing Requirements;

5. Furnish to Bursa Securities a copy of the schedule of distribution showing compliance with the public shareholding spread requirements based on the entire enlarged issued share capital of Enest at least 1 market day prior to the transfer listing date;

6. Furnish to Bursa Securities a confirmation of compliance with Paragraph 2.2(b)(ii)(aa) of Guidance Note 10 of the ACE Market Listing Requirements by all the directors at least 2 market days prior to the transfer listing date;

7. In relation to the public offering to be undertaken by Enest, please announce at least 2 market days prior to the transfer listing date, the result of the offering including the following:

(a)  Level of subscription of public balloting and placement;

(b)  Basis of allotment/allocation;

(c)  A table showing the distribution for placement tranche as per the format prescribed in Bursa Securities' letter; and

(d)  Disclosure of placees who become substantial shareholders of Enest arising from the public offering, if any.

M&A Securities must ensure that the overall distribution of the Enest's securities is properly carried out to mitigate any disorderly trading in the secondary market; and

8. Enest/M&A Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval upon the admission of the Company to the Official List of the ACE Market.

Enest/M&A Securities are required to ensure full compliance with all requirements as provided under the ACE Market Listing Requirements at all times.

This announcement is dated 18 March 2026.