On behalf of the Board of Directors of Digistar, UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) wishes to announce that the Company proposes to undertake a proposed private placement of up to 212,753,290 new ordinary shares in Digistar (“Digistar Share(s)” or “Share(s)”), representing up to approximately 30% of the total number of issued Digistar Shares at an issue price to be determined and announced at a later date after receipt of all relevant approvals for the Proposed Private Placement (which includes obtaining the approval of the shareholders of the Company at an extraordinary general meeting to be convened).

The Proposed Private Placement is in line with the Company’s ongoing business strategies to enhance the earnings of Digistar and its subsidiaries (“Digistar Group” or the “Group”) as well as to steer the Group towards financial stability. Accordingly, the proceeds to be raised from the Proposed Private Placement will be primarily allocated to fund and support the business expansion plans for the Group’s internet television services platform. Please refer to Section 2.6 of the announcement for further details on the utilisation of proceeds for the Proposed Private Placement.

For information purposes, the Company had previously undertaken various fund-raising exercises since 2016, collectively raising approximately RM42.83 million in proceeds with the aim to support the operational growth as well as to strengthen the capital base and lower the gearing ratio of the Group. The proceeds raised from these fund-raising exercises have been fully utilised. Please refer to Section 2.7 and Appendix I of the announcement for further details of the said fund-raising activities.

Further details on the Proposed Private Placement are set out in the attachment below.

This announcement is dated 19 January 2026.