Further to the Company’s announcement made on 9 September 2025 in relation to the memorandum of understanding entered into between (i) SkyWorld Development (Vietnam) Company Limited (“SkyWorld Vietnam”); (ii) Mr. Le Van Phong (“Mr. Le”); and (iii) MTV Vina An Thuan Phat Company Limited (“VATP”), the Board of Directors of the Company wishes to announce that SkyWorld Vietnam, a wholly-owned subsidiary of SkyWorld Development has on 27 November 2025, entered into a conditional capital contribution purchase agreement (“SPA”) with Mr. Le for the acquisition of the sale capital contribution, representing the entire charter capital of VATP free from all encumbrances and together with all rights and advantages attaching thereto for a total cash consideration of VND850,000,000,000 (equivalent to approximately RM133,450,000) only subject to the terms and conditions stated in the SPA (collectively referred to as the “Proposed Acquisition”).

Further details of the Proposed Acquisition are set out in the announcement attached below.

This announcement is dated 27 November 2025.