On behalf of the Board of Directors of Maxland ("Board"), UOB Kay Hian (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 2,405,444,311 new ordinary shares in Maxland ("Maxland Shares(s)" or "Share(s)") ("Rights Share(s)") at an issue price of RM0.025 per Rights Share ("Issue Price"), on the basis of 1 Rights Share for every 1 existing Maxland Share held, on an entitlement date to be determined and announced later ("Proposed Rights Issue").

Further details of the Proposed Rights Issue are set out in the attachment enclosed.

This announcement is dated 13 July 2026.