(Unless otherwise stated, all abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Company's announcement made on 26 June 2026.)

Reference is made to the Company's announcement made on 26 June 2026 in relation to the Proposed Acquisition.

The Board of Directors of ASM wishes to announce the following additional information in relation to the Proposed Acquisition:

1. Age of the Existing Factory Building

    

   The single-storey detached factory erected on the Property is approximately 32 years old.

    

2. Built-up Area of the Existing Factory Building

    

   The existing factory building has a built-up area of approximately 1,093.93 square metres (11,774.96 square feet).

    

3. Existing Use of the Property

    

   The existing factory building is currently used by the Vendors for the manufacture of wooden products, which is unrelated to the Group's principal business activities. As the Proposed Acquisition is primarily undertaken to acquire the land, the existing factory building is not a key component of the Proposed Acquisition and is intended to be demolished to facilitate the construction of the new factory.

    

4. Estimated Total Development Cost of the New Factory

    

   The estimated total development cost of the new factory has yet to be finalised and will depend on, amongst others, the final design specifications and prevailing construction costs at the material time.

    

5. Source of Funds to Finance the Development Cost of the New Factory

    

   The construction of the new factory will be funded from the proceeds raised by ASM pursuant to its IPO on 2 July 2025, of which RM7.90 million has been earmarked for this purpose.

    

6. Expected Commencement and Completion Date of the New Factory

    

   Subject to the timely completion of the Proposed Acquisition by the first quarter of 2027 and the procurement of the relevant approvals from the local authorities by the third quarter of 2027, the Company expects to commence the construction of the new factory in the third quarter of 2027 with completion targeted by the second quarter of 2029.

This announcement is dated 2 July 2026.

M & A Securities Sdn. Bhd. ("M&A Securities"), being the Sponsor, was responsible for the admission of the Company to the ACE Market of Bursa Securities on 2 July 2025. M&A Securities assumes no responsibility for the contents of this announcement.