1.  INTRODUCTION

The Board of Directors of Ajiya wishes to announce that the Company had from the period between 29 April 2026 to 24 June 2026 disposed via off market transactions a total of 49,951,900 ordinary shares of Tanco Holdings Berhad ("THB"), at average of RM0.887 per share, representing 0.83% of the total issued and paid up share capital of THB for a total consideration of RM44,314,101 ("Disposal Consideration") ("Disposal"). As of the date of this announcement, the total shareholdings held by Ajiya in THB are as follows:

2.  INFORMATION OF THB

THB is a company listed on the Main Market of Bursa Malaysia Securities Berhad.

THB is principally involved in investment holding. Its subsidiaries are engaged in the property development, construction, resorts and hospitality, business consulting services and pharmaceutical and healthcare services.

Based on the latest consolidated audited financial statement of THB as at 30 June 2025, THB recorded a profit after taxation of RM11.96 million and net assets of RM516.25 million.

3.  ORIGINAL COST AND DATE OF INVESTMENT

The original cost of investment for the THB's shares disposed was around RM29.995 million. The shares disposed were acquired from the period between 22 March 2023 to 15 June 2026. The Disposal represented a gain on disposal of approximately RM14.319 million.

4.  BASIS OF ARRIVING AT THE DISPOSAL CONSIDERATION

The Disposal Consideration was based on the prevailing market price of THB's share.

5.  UTILISATION OF PROCEEDS

The proceeds received from the Disposal will be utilised to support the Group's working capital requirements, such as payments to suppliers and service providers, administrative and overhead expenses, financing and interest payments, and other day-to-day operational expenses required for the Group's business activities. The actual breakdown of these expenses and the timeframe for full utilisation of the proceeds cannot be determined at this juncture, as it will depend on the actual requirements of the Company at the relevant time.

6.  RATIONALE

The disposal is part of the Group's capital management strategy to realise value and reallocate funds for strategic priorities. The proceeds received from the Disposal will be used by the Group for its working capital requirements.

7.  LIABILITIES TO BE ASSUMED

There are no liabilities, including contingent liabilities and guarantees to be assumed by Ajiya arising from the Disposal.

8.  RISK FACTORS   

Save for the normal business and global economic risk, the Board of Director of Ajiya is not aware of any other risk factors which may arise as a result of the Disposal.

9.  FINANCIAL EFFECTS OF THE DISPOSAL

9.1  Share capital and substantial shareholders' shareholdings

The Disposal will not have any effect on the issued and paid-up share capital of Ajiya and the substantial shareholders' shareholdings of Ajiya.

9.2  Earning per share, net asset per share and gearing

The Disposal is not expected to have any material effect on the earnings per share, net assets per share and gearing of the Ajiya for the financial year ending 31 December 2026.

10.  HIGHEST PERCENTAGE RATIO APPLICABLE

The highest percentage ratio applicable to the Disposal pursuant to Paragraph 10.02 (g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 6.85% based on the latest consolidated audited financial statements of Ajiya as at 31 December 2025.

As at the date of this announcement, the aggregate percentage ratio applicable to the Disposal within the period of 12 months immediately preceding from 24 June 2026 is 6.85% based on the latest consolidated audited financial statements of Ajiya as at 31 December 2025.

11.  APPROVAL REQUIRED

The Disposal is not subject to the approval of the shareholders of Ajiya and any relevant government authorities.

12.  INTEREST OF THE DIRECTORS, MAJOR SHAREHOLDERS, CHIEF EXECUTIVE AND PERSONS CONNECTED WITH THEM

None of the directors, major shareholders and/or the chief executive of Ajiya and/or persons connected with them have any interest, direct or indirect, in the Disposal.

13.  STATEMENT BY THE BOARD OF DIRECTORS

The Board of Ajiya, having considered all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of the Company.

This announcement is dated 25 June 2026.