Unless otherwise stated, the terms used in this announcement shall have the same meaning as defined in the announcement made by the Company dated 10 June 2026 in relation to the disposal ("Announcement").

Subsequent to the Announcement, the Board of Directors of AJR ("Board") wishes to announce the additional information in relation to the Disposal, as follows:

1. Basis of arriving at or determining the disposal consideration of RM119,588,000 or RM44 per square foot

The consideration was based on a direct negotiation between the buyer and the seller using a methodology that is not based on historical industrial land transaction comparable in the area. Rather, it was negotiated taking into consideration the availability of electricity, water, gas, sunlight (for potential solar generation) and land infrastructure, which is highly valuable to energy and water intensive manufacturers/users.

The consideration is within the acceptable range based on ANNJOO's internal assessment and no valuation was carried out on the Land.

2. Justification for the disposal consideration of RM119,588,000 or RM44 per square foot

Same as answer no. 1 above.

3. Original cost and date of investment by ANNJOO in Gurun Heavy Industrial Park Sdn. Bhd.

The 99.99% shares in GHIP were progressively acquired by ANNJOO between 21 June 2023 to 4 February 2025, for a combine investment of RM106,100,000.

4. Original cost and date of investment by ANNJOO / GHIP in Plot 5

The Development Land is part of the land bank of GHIP, which was acquired by ANNJOO.

The net book value of Plot 5 in ANNJOO's Group accounts is RM25,503,954.

5. The interest savings arising from the repayment of outstanding loans

Approximately RM1.32 million per annum.

6. The ultimate substantial shareholder(s) of Putailai (Singapore) Pte. Ltd.

Shanghai Putailai New Energy Technology Co., Ltd.

This announcement is dated 12 June 2026.