The Board of Directors ("Board") of MNC wishes to announce that the Company had on 30 July 2026 received a notice in writing pursuant to Section 281 of the Companies Act 2016 from SBY Partners PLT ("SBY Partners") on their resignation as Auditors of the Company with immediate effect.

SBY Partners was re-appointed as the Auditors of the Company at the Twenty First Annual General Meeting ("AGM") held on 10 February 2026, to hold office until the conclusion of the next AGM of the Company. The resignation of SBY Partners is a voluntary resignation due to constraints in its partner resources. 

Save for the above, the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.

Further announcement will be made by the Company on the appointment of a new Auditors in due course.

This announcement is dated 30 July 2026.