Reference is made to the announcements dated 29 December 2025 and 2 January 2026 in respect of the Acquisition (collectively referred to as the "Previous Announcements"). Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Previous Announcements.

The Board is pleased to announce the following: -

a)  The Company had, on 27 March 2026, entered into the following agreements with the respective parties:-

1. supplemental agreement to the Shares Sale and Purchase Agreement dated 29 December 2025 in relation to TKSB with the Vendors;

    

2. supplemental agreement to the Shares Sale and Purchase Agreement dated 29 December 2025 in relation to TKMSB with the Vendors;

    

3. supplemental agreement to the Shareholders Agreement dated 29 December 2025 in relation to TKSB with the shareholders of the TKSB; and

    

4. supplemental agreement to the Shareholders Agreement dated 29 December 2025 in relation to TKMSB with the shareholders of the TKMSB;

   (Collectively referred to as "Supplemental Agreements")

  The variations set out in the Supplemental Agreements relate to the revision of the initial Guarantee Period (as defined under the Principal Agreements) as follows:-

This is to realign the Guarantee Period with the updated business timelines and operational expectations of TKSB and TKMSB. The revised Guarantee Period allows for a more meaningful assessment of performance and ensures that the Profit Guarantee framework remains relevant and aligned with the Powerwell Group's present operational requirements.

Save and except for the variations as set out in the Supplemental Agreements, all other terms and conditions of the SPAs and the Shareholders' Agreements shall remain valid, in full force and effect between the respective parties. In addition, save for the above amendment, the details set out in the Previous Announcements remain valid and the Supplemental Agreements do not have any impact to the issued share capital, substantial shareholders' shareholdings, consolidated NA and gearing and consolidated earnings and EPS of Powerwell Group.

b)   Notwithstanding the above, all the conditions precedent as set out in the SPAs have been fulfilled on 27 March 2026 in accordance with the provisions of the SPAs, and accordingly the SPAs (as supplemented by the Supplemental Agreements) have become unconditional on even date.

This announcement is dated 27 March 2026.