On behalf of the Board of Directors of Milux ("Board"), Maybank Investment Bank Berhad ("Maybank IB") wishes to announce that the Company had, on 13 July 2026, entered into a conditional share sale agreement ("SSA") with Abletech Solutions Sdn Bhd ("ASSB") and Datuk Ir. Dr. Lim Jee Gin ("Datuk Lim") (collectively, "Vendors") as well as Movon Sdn Bhd ("Movon") and the ASSB's Nominated Parties (as defined in Section 2.3 of the Announcement) for the proposed acquisition of 298,145,977 ordinary shares in Movon ("Movon Shares") ("Sale Shares"), representing the entire issued Movon Shares, for a purchase consideration of RM150.0 million ("Purchase Consideration"), to be satisfied entirely via the allotment and issuance of 220,588,235 new ordinary shares in Milux ("Milux Shares" or "Shares") ("Consideration Share(s)") at an issue price of RM0.68 per Consideration Share ("Share Issue Price") ("Proposed Acquisition").

Please refer to the attachment for further details on the Proposed Acquisition.

This announcement is dated 13 July 2026.