(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those defined in the announcements dated 14 June 2023, 8 September 2023, 12 September 2023, 14 September 2023, 15 September 2023, 21 September 2023, 11 October 2023, 8 November 2023, 19 April 2024 and 15 July 2025 in relation to the Proposals ("Announcements"))

We refer to the Announcements.

The Board wishes to announce that TFP had on even date served a written notice to the Promoters for the exercise of the Third Call Option to acquire the Third Option Shares from the Promoters for a cash consideration of RM1,071,508.00, being the Third Option Price.

The Third Option Price was arrived at based on EB Packaging's PAT for the 12-month FPE 31 October 2025 of RM1,071,508.00, subject to a maximum exercise price of RM10,500,000.00, in accordance with the terms and conditions of the Call and Put Option Agreement. 

The completion of the sale and purchase of the Third Option Shares shall take place in the following manner:

(i) not later than fourteen (14) days after receipt of a notice in writing, the Promoters shall deliver the original share certificates and duly signed but undated transfer forms of the Third Option Shares to TFP on the Option Payment Date; and

(ii) in exchange for and on receipt by TFP of the original share certificates and duly signed but undated transfer forms referred to above, TFP shall remit RM1,071,508.00 to the bank accounts of the Promoters, failing which a late payment interest of 8% per annum calculated on daily basis shall apply from the date of payment is due until the receipt of the Third Option Price with the interest accrued thereon.

Upon completion of the acquisition of the Third Option Shares, TFP will own 100% equity interest in EB Packaging.

This announcement is dated 18 August 2026.