On 15 January 2025, the Company obtained the general mandate from its shareholders for the Company and its subsidiaries (“KESMI Group”) to enter into Recurrent Related Party Transactions (“RRPTs”) in the ordinary course of business of a revenue or trading nature which are necessary for the day-to-day operations based on commercial terms which are not more favourable to the related parties of KESMI Group than those generally available to the public.

The said general mandate for the RRPTs shall, in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, expire at the forthcoming Annual General Meeting (“AGM”) in 2026, unless approval for its renewal is obtained from the shareholders of the Company. The Company also intends to enter into additional RRPT with the related parties of KESMI Group.

In view of the above, the Board of Directors of KESMI wishes to announce that the Company proposes to seek the approval of its shareholders for the Proposed Shareholders’ Mandate at its forthcoming AGM. The Proposed Shareholders’ Mandate, if approved, will allow KESMI Group to continue entering into RRPTs for another year and will expire at the AGM in 2027.

A circular to the shareholders of KESMI setting out details of the Proposed Shareholders’ Mandate will be issued in due course.

This announcement is dated 18 September 2025.