[This announcement should be read in conjunction with the earlier announcement made on 6 November 2025. Unless otherwise stated, the terms used herein shall have the same meanings as defined in the aforesaid announcement.]

The Board of the Company wishes to provide an update that following the expiry of the Non-Binding MOU on 6 May 2026, the Company is currently engaging with PKNPk and Gamuda in relation to the proposed extension of the Non-Binding MOU to a mutually agreed date by the Parties, following the reply received from PKNPk and Gamuda indicating their intention to extend the Non-Binding MOU up to 3 July 2026.

The proposed extension is intended to provide the Parties with additional time to negotiate and finalise the terms of a definitive agreement.

All other terms and conditions of the Non-Binding MOU shall remain valid and in full force and effect pending further response from PKNPk and Gamuda. The Company will make further announcements as and when there are any material developments.

This announcement is dated 15 May 2026.