On behalf of the Board of Directors of JOE, Sierac Corporate Advisers Sdn Bhd wishes to announce that the Company proposes to undertake the following:
(i) proposed diversification of the existing principal activities of JOE and its subsidiaries to include the Trading Business ("Proposed Diversification into Trading Business");
(ii) proposed diversification of the existing principal activities of JOE and its subsidiaries to include the F&B Business ("Proposed Diversification into F&B Business"); and
(iii) proposed variation of the utilisation of proceeds raised from the previous private placement and rights issue exercises ("Proposed Variation").
(Collectively, the "Proposals")
Please refer to the attachment for the announcement in relation to the Proposals.
This announcement is dated 7 April 2026.