We refer to the Company’s announcement made on 27 February 2025, 20 March 2025 and 24 June 2025 respectively pertaining to the Memorandum of Understanding (“MOU”) entered between SSFSB and Pura Vida (“the Parties”) to set out preliminary intentions and mutual understanding in connection with SSFSB’s role as the anchor tenant merchant of the Haqqi Mall, an e-commerce portal, owned by Koperasi Tabung Haji Berhad. The Board of Directors of SSF (“Board”) wishes to announce that the Parties had on 19 August 2025 mutually agreed to terminate the MOU with immediate effect following a strategic re-evaluation of the Haqqi Mall project in light of evolving market conditions and recent developments in the national e-commerce ecosystem (“Termination”). 

The Termination is not expected to have any material effect on the earnings, net assets, gearing, share capital and substantial shareholders’ shareholding of the Company for the financial year ending 30 April 2026.

The Termination is not subject to the approval of the Company’s shareholders and/or any regulatory authorities.

None of the Directors, major shareholders and/or persons connected with them has any interest, whether direct or indirect, in the Termination.

The Board, having taken into consideration all aspects of the Termination, is of the opinion that the Termination is made in the best interests of the Company.

This announcement is dated 19 August 2025.