On behalf of the Board of Directors of QES ("Board"), UOB Kay Hian (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake an issuance of 83,276,260 new ordinary shares in QES ("QES Share(s)" or "Share(s)") ("Issuance Share(s)"), representing 10% of the total number of issued QES Shares (excluding treasury shares) to Ray Tech Singapore Pte. Ltd. ("RTS" or the "Investor"), a wholly-owned subsidiary of Unicomp, a company listed on the Shanghai Stock Exchange, at an issue price of RM0.53 per Issuance Share ("Issue Price") by way of private placement ("Proposed Share Issuance").

For the avoidance of doubt, the Proposed Share Issuance is not undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act, 2016 ("Act") but that the Proposed Share Issuance is subject to, amongst others, the specific approval of the shareholders of QES at an extraordinary general meeting of QES ("EGM") to be convened.

Further details on the Proposed Share Issuance are set out in the attachment below.

This announcement is dated 3 July 2026.