Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company's announcement in relation to the Proposals dated 20 May 2026 ("Initial Announcement")

We refer to the Initial Announcement where it was announced, inter-alia, that the Acquisitions will be effected by way of DBT within 30 days from the date of the Acquisitions SSAs.

On behalf of the Board, Maybank IB wishes to announce that instead of completing the Acquisitions simultaneously, the parties have, via letters of agreement dated 28 May 2026 ("Letters of Agreement"), agreed on the following:

(i) in respect of the MKH Acquisition, the completion of the sale and purchase of 170,444,796 MKH Shares shall be effected by way of DBT in two (2) tranches as follows:

    (a) 148,744,796 MKH Shares ("1st Tranche MKH Shares"); and

    (b) 21,700,000 MKH Shares ("2nd Tranche MKH Shares"); and

(ii) in respect of the MKHOP Acquisition 1 and the MKHOP Acquisition 2, the MKHOP Consideration has been revised from RM0.6478 per MKHOP Share to RM0.648 per MKHOP Share in order to comply with the Rules of Bursa Securities governing DBTs.

The 1st Tranche MKH Shares has been effected today by way of DBT for a total consideration of RM297,489,592 or RM2.00 per MKH Share whereas the 2nd Tranche MKH Shares will be effected by way of DBT within 30 days from the date of the SSA, in accordance with the terms of the SSA and the corresponding Letter of Agreement. In addition, the MKHOP Acquisition 1 and the MKHOP Acquisition 2 have also been effected today by way of DBT in accordance with the terms of the SSAs and the Letters of Agreement for a total consideration of RM25,371,451.15 or RM0.648 per MKHOP Share.

In addition, Maybank IB wishes to clarify that the Condition Precedent as set out in Section 1 of Appendix I of the Initial Announcement should read as "the Company having obtained the passing of an ordinary resolution at the EGM" approving the Proposed MKH Acquisition, the Proposed MO and the Possible MO instead of "special resolution". All other information in the Initial Announcement remains unchanged. 

The Letters of Agreement will be available for inspection at the registered office of the Company at Wisma Taiko, No. 1, Jalan S.P. Seenivasagam, 30000 Ipoh, Perak, during office hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this Announcement.

This Announcement is dated 28 May 2026.