The Board of Directors of KAG wishes to announce that the Company had ceased as substantial shareholders of XOX Bhd ("XOX") following the disposal of 5,024,900 ordinary shares in XOX on 26 June 2026 ("Disposal of Shares").

As of the date of this announcement, the total percentage of shareholdings of the Company in XOX is 6.25%.

After the Disposal of Shares, the total percentage of shareholdings of the Company in XOX is 3.54%.

The Disposal of Shares is part of the Group's capital management strategy to realise value and reallocate funds for strategic priorities. The proceeds received from the Disposal of Shares will be used by the Group for working capital.

The Disposal of Shares has no effect on the issued and paid-up share capital, substantial shareholders' shareholdings and gearing of KAG and is also not expected to have any material effects on the earnings per share and net assets per share of KAG Group for the financial year ending 31 March 2027.

The highest percentage ratio applicable to the Disposal of Shares pursuant to Rule 10.02 (g) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad is 1.14% based on the latest consolidated audited financial statements of KAG as at 31 March 2025.

The Disposal of Shares is not subject to the approval of the shareholders of KAG and any authorities.

Saved as disclosed as below, none of the Directors, major shareholders, chief executive of the Company and/or any person connected with them has any interest, either directly or indirectly in the Disposal of Shares:

1. Roy Ho Yew Kee,  is the Executive Director of both KAG and XOX ("Interested Director"). As at 26 June 2026, the shareholdings of the Interested Director in XOX and KAG are as follows:

   Name	Percentage of Shares Held in XOX		Percentage of Shares Held in KAG
   	Direct Interest	Indirect Interest	Direct Interest	Indirect Interest
   Roy Ho Yew Kee	Nil	Nil	6.17%	Nil

Accordingly, the Interested Director has abstained and will continue to abstain from all deliberations and voting at the relevant Board meetings in respect of the Disposal of Shares.

As the Interested Director has no other interested relationships in the Disposal of Shares other than his common directorship in XOX and KAG, pursuant thereto, the Disposal of Shares is not deemed as related party transaction pursuant to Rule 10.08(11)(c) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.

The Board of KAG (save for the Interested Director), having considered all aspects of the Disposal of Shares, is of the opinion that the Disposal of Shares is in the best interest of the Company.

This announcement is dated 2 July 2026.