The Board of Directors ('the Board") of Kanger wishes to announce that the Company has received a request dated 6 February 2026 from Bursa Malaysia Securities Berhad for additional information in relation to the Company’s announcement made on 5 February 2026. The additional information is as follows:

1. The purchase consideration will be satisfied in cash as follows:

i. An earnest deposit of RM2,593,050; and

ii. The balance purchase consideration of RM23,337,450 shall be paid within ninety (90) days from the date of receipt of by the Pioneer Resources Development Sdn. Bhd. ("Purchaser")'s Solicitors of the Developer's condfirmation.

2. The Sale Properties comprise twenty-three (23) residential condominium units located at Genting Highland (“Antara Genting Highland”) erected on freehold land, consisting of individual unit sizes ranging from 520 square feet to 1,040 square feet. The aforesaid Sale Properties are approved for commercial and residential use and are currently held for investment purposes. It was completed in July 2025 and are not subject to any encumbrances, save for any existing charges (if any) to be discharged upon completion of the disposal.

3. The purchase consideration of RM25,930,500 for the disposal of the Sale Properties was arrived at on a willing-buyer willing-seller basis, after taking into consideration the disposal of the Sale Properties as a bulk transaction, which resulted in a bulk discount being extended to the Purchaser as compared to the individual selling prices of the units. The consideration was also benchmarked against the prevailing market valuation of approximately RM1,500 per square foot, and the agreed selling price of approximately RM1,300 per square foot represents a discount of about 13%, which was mutually agreed between the Vendor and the Purchaser in view of the bulk nature of the transaction and certainty of completion.

4. The original costs of investment is RM25,922,000 and the date of such investment was 25 February 2021.

5. As at 9 February 2026 ("LPD"), the issued share capital is RM100.00 comprising 100 ordinary shares. The directors of the Purchaser are Chong York Ming and Datuk Wong Yong Fook. 

As at the LPD, the shareholders of Purchaser are as follows:

Notes: 

(a) Computed based on the total number of 100 issued ordinary shares as at the LPD.

6. The Proposed Disposal will reduce the Group’s financial commitment in relation to the property by monetising part of its investment in the development and converting a non-income-generating asset into cash. Upon completion of the Proposed Disposal, the Group will:

(i) Moderately reduce its exposure to holding costs associated with the property, including maintenance charges, sinking fund contributions, assessment rates and other property-related outgoings attributable to the disposed units;

(ii) Optimise capital allocation by reducing capital tied up in the property, thereby enhancing the Group’s liquidity position; and

(iii) improve financial flexibility by allowing the redeployment of funds in accordance with the Group’s broader operational and business requirements.

Accordingly, the Proposed Disposal will result in a reduction in the Group’s ongoing financial commitment in respect of the property. The decision to dispose 23 units out of the total units owned by the Group at ANTARA @ Genting Highlands was made after taking into consideration the Group’s capital management objectives and a review of the overall market response to the development. Since the vacant possession, the Board has observed that market interest and feedback for certain units have been more measured than initially anticipated, taking into account prevailing market conditions.

The disposal of the Sale Properties represents a partial divestment, allowing the Group to:

(i) manage its financial exposure to the development while retaining ownership of the remaining units;

(ii) realise part of its investment without undertaking a full exit; and

(iii) maintain flexibility to review and assess the performance of the remaining units over time.

The Board is of the view that the Proposed Disposal is prudent and in the best interest of the Group, having regard to prevailing market conditions and the Group’s long-term strategy.

7. The proceeds arising from the Proposed Disposal amounting to RM25,930,500, after deducting estimated expenses related to the disposal will be utilised entirely for working capital purposes of the Group.

The working capital utilisation is expected to be allocated as follows:

The above breakdown represents management’s best estimates and may vary depending on the Group’s operational requirements.

8. Based on the purchase consideration and the Group’s original cost of investment, the Board expects the Proposed Disposal to result in a minor gain.

This announcement is dated 9 February 2026.