Reference is made to the Company’s announcements dated 13 January 2026, 21 January 2026 and 22 January 2026 in relation to the Disposal (“Previous Announcements”). Unless otherwise defined, the terms used herein shall have the same meanings as defined in the Previous Announcements.

The Board of the Company wishes to announce that GRP Holdings Sdn Bhd has rescinded and terminated the SSA entered into with the Purchaser with effect from 6 March 2026 (“the Termination”).

The Termination arose as the Conditions Precedent under the SSA were not fulfilled within the stipulated period, which expired on 29 January 2026, and no written extension of time was mutually agreed between the parties.

In addition, a fire incident occurred on 29 January 2026, which resulted in the substantial destruction of the Company’s primary operational assets and factory has fundamentally affected the underlying basis and commercial assumptions of the SSA. As the factory, being the principal asset of the Company, no longer exists, the GRP Holdings is legally unable to maintain the veracity of the warranties under the SSA.

Pursuant to the Termination, GRP Holdings shall refund the Deposit and the First Tranche Payment to the Purchaser within seven (7) business days from the termination date.

Following the Termination, the parties are released from further performance of their respective obligations under the SSA.

The Termination is not expected to have any material effect on the earnings, net assets, share capital or gearing of the Group for the financial year ending 30 June 2026.

The Board is of the view that the Termination is in the best interest of the Company in light of the circumstances described above.

This announcement is dated 10 March 2026.