The Board of Directors of JF Tech wishes to announce that JF International Sdn. Bhd., a wholly-owned subsidiary of JF Tech, has on 28 November 2025, entered into a conditional Share Purchase Agreement with Foong Wai Fee, Neo Say Hoe, Seak Kwok Leong, Patrick Cheong Chong Thye, Andreas Gunnar Weigel and Tini Phua (collectively referred to as the “Sellers”) for the proposed acquisition of the entire equity interests in Transcend Technologies (S) Pte., Ltd. (“TTS”) and Transcend Tech Asia Pacific Pte., Ltd. (“TTAP”), both based in Singapore, at a total purchase consideration of SGD6,000,000 (equivalent to approximately RM19,068,600) (“Proposed Acquisition”). Consequent to the Proposed Acquisition, Transcend Technologies Inc. (“TTIP”), a 95.5% direct subsidiary of TTAP based in the Philippines, will become the indirect subsidiary of JF Tech. TTS, TTAP, and TTIP are collectively referred to as the “Transcend Group”.

Please refer to the attachment for the details of the announcement.

This announcement is dated 28 November 2025.