On behalf of the Board of Directors of K-One ("Board"), UOB Kay Hian (M) Sdn Bhd ("UOBKH") is pleased to announce that K2 Meta Sdn Bhd ("K2 Meta" or the "Seller"), a wholly-owned subsidiary of the Company had, on 4 August 2026, entered into a conditional share purchase agreement ("SPA") with ITOCHU Singapore Pte Ltd ("ITOCHU Singapore") and ITOCHU Corporation ("ITOCHU") (collectively referred to as the "Purchasers") for the proposed disposal of 1,000,000 ordinary shares in G-AsiaPacific Sdn Bhd ("GAP") ("GAP Share(s)" or "Sale Share(s)"), representing K-One's entire equity interest in GAP to the Purchasers for a disposal consideration of RM94,000,000 subject to adjustments pursuant to the terms of the SPA ("Disposal Consideration"), to be wholly satisfied in cash ("Proposed Disposal").

Please refer to the attachment for further details of the Proposed Disposal.

This announcement is dated 4 August 2026.