1. Introduction

The Board of Directors of Sasbadi Holdings is pleased to announce that the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd (“SSB”), has today signed and accepted a Letter of Acceptance from the MoE for the supply and delivery services of interactive digital storybooks for preschool under the Educational Resources and Technology Division, MoE, for the year 2025, at a contract value of RM432,000.00 (“Contract”).

The Contract is for a duration of 18 months, from 3 November 2025 to 2 May 2027.


2. Financial Effects

SSB is expected to deliver the Contract from 3 November 2025 onwards. In this regard, the Contract is expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2026.


3. Risk Factors

The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract. The Company will take the necessary steps to mitigate the risks as and when they occur.


4. Directors’ and/or Major Shareholders’ Interest

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


5. Directors’ Statement

The Board of Directors of Sasbadi Holdings is of the opinion that the Contract is in the ordinary course of business and in the best interest of the Company.


This announcement is dated 4 November 2025.