Reference is made to the Company's announcement dated 14 August 2026 in relation to the Agreement with INT. Unless otherwise stated, all definitions and terms used throughout this announcement shall carry the same meaning as defined in the earlier announcement.

The Board wishes to provide the following additional information pertaining to the Agreement:-

1. The Project is in relation to implementation, commercialisation, deployment and/or development of an artificial intelligence-driven energy management and optimisation solution for buildings, premises and facilities at the Project Site. The Project Site, as indicated by INT to MQ Tech, are actually sites and building located in Malaysia. Site Rights refer to rights secured by INT in relation to the sites for the purpose of implantation of the Project.

2. The collaboration commences from the date of the agreement and MQ Tech is entitled to terminate it if there are no definitive agreement signed between MQ Tech and China Partner within 6 months from the date of the Agreement.

3. A refundable deposit of RM500,000.00 has been paid upon execution of the Agreement and the balance RM2,500,000.00 is only due and payable upon execution of definitive agreement signed between MQ Tech and China Partner.

4. The RM4,000,000.00 is part of the total consideration of RM7,000,000.00. The differential sum of RM4,000,000.00 here (being the RM7,000,000.00 total consideration less the RM3,000,000.00 referred to above) is performance milestone consideration which the nominated solicitor shall be authorised to release the said sum to INT upon MQ Tech and/or the MQ Nominee retaining profit of RM1,000,000.00 from the Project.

5. The Partner is a company incorporated in China. However, the Project Sites are all located in Malaysia.

This announcement is dated 17 August 2026.