The Board of Directors of PTRANS wishes to announce that the Company had on 29 April 2026 received a notice in writing from Messrs Moore Stephens Associates PLT ("Moore Stephens") informing the Company that they will not seek for re-appointment as Auditors of the Company at the forthcoming 17th Annual General Meeting ("AGM").

Moore Stephens was reappointed as the Auditors of the Company at the 16th AGM held on 26 May 2025. Their decision not to seek re-appointment is due to the engagement partner responsible for the Company having reached the prescribed auditor partner rotation limit following a continuous period of seven (7) years with the Group, coupled with partner and resource constraints within the audit firm.

There were no disagreements with the outgoing Auditors and the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company. The Company has commenced efforts to identify a suitable candidate and will seek to appoint new auditors in place of Moore Stephens as soon as practicable.

The Board of Directors will make further announcement on the appointment of the new auditors in due course.

This announcement is dated 29 April 2026.