Reference is made to the Company's Unaudited Quarterly Reports for the financial periods ended 30 June 2021 up to 28 February 2026 in relation to the material litigation involving an arbitration between GSR Pte Ltd ("GSR") and Transkripsi Pintar Sdn. Bhd. ("Transkripsi"), consolidated with an arbitration between Sinora Sdn. Bhd. ("Sinora") and Anika Desiran Sdn. Bhd. ("Anika") ("Announcements").

The Board of Directors of Maxland wishes to announce that the Company and its indirect wholly-owned subsidiary, Sinora, had on 9 June 2026 entered into a Settlement Agreement ("Settlement Agreement") with GSR, Transkripsi and Anika for the settlement of the debts arising from the final arbitral award dated 23 January 2024 ("Final Award") and the judgment of the High Court of Malaya at Kuala Lumpur dated 14 November 2025 recognising and enforcing the Final Award ("High Court Judgment").

Pursuant to the Settlement Agreement, Maxland and Sinora shall jointly and severally pay a settlement sum of RM12,000,000.00 ("Settlement Sum") as full and final settlement of all claims arising from or in connection with the Final Award and the High Court Judgment.

Under the Settlement Agreement, Anika has irrevocably assigned all its rights, title and interest to receive, demand, collect and enforce payment of the Settlement Sum (including any accrued interest) to Transkripsi. Accordingly, all payments shall be made to a bank account designated by Transkripsi, and payment to Transkripsi shall constitute full discharge of Maxland and Sinora's obligations. Anika has no beneficial interest in the Settlement Sum. 

Please refer to the attachment below for the full details.

This announcement is dated 9 June 2026.