(Unless stated otherwise or defined, the abbreviations used throughout this Announcement shall have the same meaning as defined in the Company’s requisite announcements in relation to the Proposed Regularisation Plan dated 20 March 2025 and 22 September 2025 (“Requisite Announcements”))

On behalf of the Board of Directors of IWCity, Maybank IB wishes to announce that the Company had, on 19 January 2026, entered into a second supplemental agreement to the Settlement Agreement with RFSB to vary the terms of the Settlement RPS‑A.

Further details are set out in the enclosed attachment.

This announcement is dated 19 January 2026.