The Board of Directors (“Board”) of the Company refers to the news article entitled “Classita to sell non-core assets to fund multi-site property projects as NexG Bina” which was featured in The Edge on 09 September 2025, in particular referring to the following statements:

“Selling 49% of its lingerie business for RM34.1 million (A management buyout by Choo Peng Hung, who is a director and part of Classita (M) Sdn Bhd and Marywah Industries (M) Sdn Bhd’s management team.)"

"Mohd Fadhli said the RM34.1 million sale of the lingerie business, a key part of the company for 39 years, was based on its total net asset value.”

Reference is also made to the Company’s announcement dated 08 September 2025 in relation to the Heads of Agreement with Choo Peng Hung. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the said announcement.

The Board wishes to clarify that the statements in The Edge are inaccurate. The reference to RM34.1 million in the news article does not represent the proposed disposal consideration for the 49% equity interest. It was an illustrative example provided by the Chief Executive Officer, En. Mohd Fadhli, to indicate that the Company may realise the sum of RM34.1 million in the event of the disposal of 100% of the lingerie business, premised on the assumption that such disposal is undertaken at its net asset value as at 30 June 2025.

The proposed disposal consideration for the proposed 49% divestment to Choo Peng Hung has not been determined at this juncture and remains subject to negotiations between the parties. The final terms, including the proposed disposal consideration, will be stipulated in the definitive agreement to be entered into by the parties. In any event, the Board does not anticipate that the proposed disposal will give rise to any loss, as the proposed disposal consideration is expected to be not less than the net asset value of the lingerie business at the time of divestment, and the business performance is expected to improve with the secured new manufacturing and export orders, which may enhance the value and prospects of the lingerie business.

This announcement is dated 11 September 2025.