Reference is made to the timeframe for the utilisation of proceeds raised from the initial public offering ("IPO") as disclosed in the Company's Prospectus dated 28 June 2023 ("IPO Prospectus") that was issued in conjunction with the Company's listing of and quotation for its entire share capital on the Main Market of Bursa Malaysia Securities Berhad on 20 July 2023. The Company had raised total gross proceeds of RM129.60 million from its IPO ("IPO Proceeds"). On 28 August 2024, the Company had announced the variation of the use of IPO Proceeds ("Variation Announcement").

Please refer to the attachment for further details.

This announcement is dated 26 May 2026.