(Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the previous announcement.)

Reference is made to the announcements dated 04.12.2025, 25.02.2026, 02.03.2026 and 29.06.2026.

Please be informed that on 24.07.2026, the Plaintiff and MESB entered into a settlement agreement to amicably resolve the disputes between the parties ("2026 Settlement Agreement").

The salient terms of the 2026 Settlement Agreement are amongst others, as follows:

1. MESB have agreed to withdraw the relevant court proceedings at the Shah Alam High Court and Court of Appeal;
2. the Plaintiff agreed to withdraw its statutory notice issued pursuant to Section 466 of the Companies Act 2016 against MESB, which the Plaintiff did on 28.07.2026; and
3. MESB shall make payment to the Plaintiff in the sum of RM3,576,067.70 ("Settlement Sum").

Pursuant to the 2026 Settlement Agreement, both parties shall fulfil their respective commitments or obligations detailed in the 2026 Settlement Agreement. The 2026 Settlement Agreement also marks the full and final settlement of all previous disputes between the parties.

In furtherance of the 2026 Settlement Agreement, MESB's withdrawal of its counterclaim in the Shah Alam High Court and its appeal in the Court of Appeal were filed on 28.07.2026.

The 2026 Settlement Agreement is not expected to have material adverse impact on the Group's operations and financial condition of the Group for the financial year ending 30.06.2027.

This announcement is dated 29.07.2026.