The Board of Directors ("Board") of Velocity wishes to announce that the Company has:

1. on 9 January 2026, via open market transactions, disposed of 32,600,000 ordinary shares in MMAG Holdings Berhad (“MMAG”) (“MMAG Shares”), representing a 1.40% equity interest in MMAG, for a total cash consideration of RM2,119,000 (“Disposal 1”); and

​​2. on 12 January 2026, via open market transactions, disposed of the remaining balance of 117,400,000 MMAG Shares, representing a 5.06% equity interest in MMAG, for a total cash consideration of RM7,306,976 (“Disposal 2”).

Disposal 1 and Disposal 2 are collectively referred to as the “Disposal” and the aggregate disposal consideration of RM9,425,976 for the Disposal is referred to as the “Disposal Consideration”.

Pursuant to Paragraph 9.19(26) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board wishes to announce that Velocity had on 12 January 2026, ceased to be a substantial shareholder of MMAG following the Disposal.

Please refer to the attachment for further details.

This announcement is dated 13 January 2026.