On behalf of the Board of Directors of TCS ("Board"), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") wishes to announce that the Company proposes to undertake the following:-

i. a private placement of up to 20% of the total number of issued shares of TCS ("TCS Share(s)" or "Share(s)") (excluding treasury shares, if any) ("Placement Share(s)") to third party investor(s) to be identified later at an issue price to be determined and announced later ("Proposed Private Placement"); and

ii. a diversification of the existing principal activities of TCS and its subsidiaries ("TCS Group" or the "Group") to include property development activities ("Property Business") ("Proposed Diversification").

The Proposed Private Placement and Proposed Diversification are collectively referred to as the "Proposals".

For the avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act, 2016 ("Act") but that the Proposed Private Placement is subject to, amongst others, the specific approval of the shareholders of TCS at an extraordinary general meeting of TCS ("EGM") to be convened.

Further details of the Proposals are set out in the attachment enclosed.

This announcement is dated 11 May 2026.