Reference is made to the Company's earlier announcements dated 20 May 2026 and 15 June 2026 in relation to the Proposed Acquisition ("Earlier Announcements"). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.

On behalf of the Board, Malacca Securities wishes to provide further clarification that there will be no separate agreements to be entered into for the Pre-Completion Reorganisation and neither would the Pre-Completion Reorganisation be subject to approvals from any regulatory authorities. As such there is no salient terms pertaining to the transfer documents or Pre-Completion Reorganisation. For information, the Pre-Completion Reorganisation is a condition precedent to the Proposed Acquisition. In particular, the Vendor need to complete the Pre-Completion Reorganisation prior to the completion of the Proposed Acquisition.

In addition, MBGB will obtain:

(a) written undertakings from the remaining shareholders of STKLSB and STSSB in favour of MBGB, that they shall not, without MBGB's prior written consent, directly or indirectly deal with, dispose of, sell, transfer, assign, pledge, charge, create encumbrance or otherwise create any security interest over their respective shares or interests in the said companies; and

(b) confirmation letters from the selling shareholders of FIESB and STSSB that they have no claim against FIESB and STSSB respectively.

Save for the above, there are no other agreement, undertakings or confirmation which have been/to be entered into for the Pre-Completion Reorganisation.

This announcement is dated 22 June 2026.