On behalf of the Board of Directors of Mudajaya ("Board"), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") wishes to announce that Xelmont Limited ("Xelmont" or the "Vendor"), an indirect wholly-owned subsidiary of Mudajaya had on 28 May 2026 entered into a conditional share sale agreement ("SSA") with Minyi Holdings Limited ("MHL" or the "Purchaser") for the proposed disposal of 45% equity interest in Real Jade Limited ("Real Jade") ("Sale Shares") for a disposal consideration of HKD234.00 million (equivalent to RM118.45 million) ("Disposal Consideration") ("Proposed Disposal") and settlement of debt owing by Xelmont to MHL ("Debt Owing to MHL") amounting to an aggregate of HKD244.97 million (equivalent to RM124.00 million) as at 30 April 2026 by way of set-off against the Disposal Consideration and the remaining debt of HKD10.97 million together with interest on the principal amounts of the said debt thereon to be paid in cash ("Settlement").

The Proposed Disposal is deemed as a related party transaction ("RPT") pursuant to Paragraph 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements") by virtue of the interest of MHL being a major shareholder of Mudajaya in relation to the Proposed Disposal as set out in Section 8 of this announcement. Accordingly, SCS Global Advisory (M) Sdn Bhd ("SCS Global") has been appointed as the Independent Adviser to advise the non-interested directors and non-interested shareholders of the Company in relation to the Proposed Disposal.

Further details on the Proposed Disposal are set out in the attachment enclosed.

This announcement is dated 28 May 2026.