Pursuant to Rule 2.1(c) of Guidance Note 3 ("GN3") of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("ACE LR"), the Board wishes to announce that the Company has triggered Rule 2.1(c) of the ACE LR whereby:-

SMTrack has incurred an aggregated  loss of RM46.764  million for the financial period ended ("FPE") 31 December 2024  which exceeded the amount of its shareholders' equity of RM45.731 million ;

the loss for the FPE 31 December 2024 of RM30.951 million is more than 50% of the loss of RM15.812 million incurred in the FPE 31 December 2023; and 

the shareholders' equity for FPE 31 December 2024 was less than 50% of the share capital of SMTrack at the end of the said financial period.

We wish to inform that the Company will submit an application for a waiver from being classified as an affected listed issuer to Bursa Securities as the Company is putting in place measures to improve the performance of the Group.

In that connection, the Board is confident that the financial performance of the Group can be stabilised moving forward.

The Company will make the necessary announcement on the developments in accordance with the requirements under the ACE LR accordingly.

This announcement is dated 13 April 2026.