1. Introduction

The Board of Directors of Sasbadi Holdings is pleased to announce that the Company's wholly-owned subsidiary, Sasbadi Sdn Bhd ("SSB") and its indirectly wholly-owned subsidiary, The Malaya Press Sdn Bhd ("TMP"), have today signed and accepted five (5) Letters of Acceptance from the MoE, with a total estimated contract value of RM17,229,250.00, to publish, print and supply textbook packages under the new School Curriculum 2027 throughout Malaysia:

(a) The subjects secured by SSB are as follows:

1. Geography Form 1 at an estimated contract value of RM7,473,000.00 ("Geography F1 Contract"); and
2. Mathematics Year 1 SJKC at an estimated contract value of RM3,163,350.00 ("Mathematics Y1 Contract").

(b) The subjects secured by TMP are as follows:

1. Chinese Language Year 1 SJKC at an estimated contract value of RM3,080,050.00 ("Chinese Y1 Contract");
2. Physical Education Year 1 SJKC at an estimated contract value of RM2,231,850.00 ("PE Y1 Contract"); and
3. Chinese Language Form 1 at an estimated contract value of RM1,281,000.00 ("Chinese F1 Contract").

The Geography F1 Contract, Mathematics Y1 Contract, Chinese Y1 Contract, PE Y1 Contract and Chinese F1 Contract are collectively referred to as the "Contracts".

The Contracts are for the period from 9 April 2026 to 8 April 2029.

2. Financial Effects

SSB and TMP are expected to deliver the first tranche under the Contracts, valued at approximately RM13.7 million, to schools throughout Malaysia beginning August 2026. Accordingly, the Contracts are expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2026 and onwards throughout the duration of the Contracts.

3. Risk Factors

The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contracts. The Company will take the necessary steps to mitigate such risks as and when they arise.

4. Directors' and/or Major Shareholders' Interest

None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in these Contracts.

5. Directors' Statement

The Board of Directors of Sasbadi Holdings is of the opinion that the Contracts are in the ordinary course of business and in the best interests of the Company.

This announcement is dated 13 April 2026.