On behalf of the Board of Directors of Zelan, Malacca Securities Sdn Bhd wishes to make the requisite announcement pursuant to Paragraph 4.2 of PN17 ("Requisite Announcement"), which sets out the Company's proposed regularisation plan to be undertaken in the following order:-

(i) proposed consolidation of every 3 existing ordinary shares in Zelan ("Zelan Shares" or "Shares") into 1 consolidated Zelan Share ("Consolidated Share") ("Proposed Shares Consolidation");

(ii) proposed shares issuance of up to 373,913,000 new Zelan Shares ("Subscription Shares"), representing approximately 57.04% of the resultant share capital of Zelan after the Proposed Shares Consolidation and shares issuance ("Proposed Shares Issuance");

(iii) proposed exemption under Paragraph 4.08(1)(b) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia ("SC")  ("Rules") to Dato' Lam Fung Eng ("Dato' Lam"), SASB and person acting in concert with them from the obligation to undertake a mandatory general offer ("MGO") for all the remaining Zelan Shares not already owned by them arising from the issuance of Subscription Shares by Zelan to them pursuant to Proposed Shares Issuance ("Proposed Exemption"); and

(iv) proposed establishment of an employees' share scheme which entails the issuance of up to 15% of the total number of issued Shares (excluding treasury shares, if any) ("Scheme") at any point in time during the tenure of the Scheme for eligible Directors and employees of Zelan Group (excluding dormant subsidiaries) ("Proposed ESS"),

(collectively, referred to as the "Proposed Regularisation Plan").

Further details of the Proposed Regularisation Plan are set out in the attachment below.

This announcement is dated 21 July 2026.