The Board of Directors of the Company wishes to announce that JAKS Resources Berhad's Long Term Incentive Plan 2016 ("LTIP 2016"), which took effect on 5 July 2016, expires on 4 July 2026.

As at the expiry date:

(a)  a total of 158,588,619 LTIP Options and 174,154,760 LTIP Share Grant awards had been offered/ granted under the LTIP 2016 respectively;

(b)  a total of 17,115,000 LTIP Options and 174,154,760 LTIP Share Grant awards had been exercised/ granted respectively; and

(c)  a total of 141,473,619 unexercised LTIP Options lapsed and ceased to be valid upon the expiry of the LTIP 2016.

The expiry of the LTIP 2016 will not have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholdings of the Company for the financial year ending 31 December 2026.

This announcement is dated 3 July 2026.