Paramount Corporation Berhad (the Company) wishes to inform that the Company has received a letter dated 24 March 2026 from Paramount Equities Sdn Bhd, a substantial shareholder of the Company, for the nomination of BDO PLT as Auditors of the Company in place of the retiring Auditors, Ernst & Young PLT at the forthcoming Annual General Meeting (AGM) of the Company, and to hold office until the conclusion of the next AGM, and that the Directors be authorised to fix their remuneration  (Proposed Change of Auditors).

The Proposed Change of Auditors is subject to the shareholders' approval at the forthcoming Fifty-Sixth AGM of the Company to be convened.

This announcement is dated 30 March 2026.