Pursuant to Rule 9.19(38) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Sedania Innovator Berhad (“SIB” or “the Company”) wishes to announce that the Company’s External Auditors, Messrs. Baker Tilly Monteiro Heng PLT had opined, except for the possible effect of the matter described in the Basis for Qualified Opinion as disclosed below, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 30 June 2025.

A. QUALIFIED OPINION

The details of the qualified opinion as disclosed in the Independent Auditors’ Report is reproduced as follows:

"Qualified Opinion

We have audited the financial statements of Sedania Innovator Berhad, which comprise the statements of financial position as at 30 June 2025 of the Group and of the Company, and the statements of comprehensive income, statements of changes in equity and statements of cash flows of the Group and of the Company for the financial year then ended, and notes to the financial statements, including material accounting policy information, as set out on pages 10 to 97.

In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion section of our report, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 30 June 2025, and of their financial performance and their cash flows for the financial year then ended in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia.

Basis for Qualified Opinion

As disclosed in Note 9 to the financial statements, the equity-accounted carrying amount of investment in associate of the Group amounted to RM4,460,002 and the Group’s profit for the financial year includes its share of the associate’s profit and other comprehensive income for the financial year of RM777,100 and RM9,508 respectively.

The associate of the Group and the Company is unable to provide the financial information of the associate timely to their auditors, and accordingly the audit of the associate for the financial year ended 30 June 2025 has not been completed.

As a result, we were unable to obtain sufficient and appropriate audit evidence on the carrying amount of investment in associate as at 30 June 2025 and the Group’s share of the associate’s profit and other comprehensive income for the financial year. Therefore, we could not determine, the effect of adjustment, if any, on the financial position of the Group as at 30 June 2025 and on its financial performance for the financial year then ended.

We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion."

B. STEPS TAKEN OR PROPOSED TO BE TAKEN TO ADDRESS THE KEY AUDIT MATTERS THAT RELATE TO THE QUALIFIED OPINION AND TIMELINE

The qualified opinion for the financial year ended 30 June 2025 relates to the incomplete audit of the Group’s associate company.

The Company, together with its External Auditors, is actively engaging with the associate company and the Group’s component auditors to expedite the completion of the associate company’s audit for the financial year ended 30 June 2025.

The qualified opinion is expected to be resolved in the subsequent financial year, once the component auditor of the associate company issues its final audited report.

This announcement is dated 17 October 2025.