JAKS

0.145

JAKS RESOURCES BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	JAKS RESOURCES BERHAD ("JAKS" OR "COMPANY") PROPOSED DISPOSAL OF 100.00% EQUITY INTEREST IN JAKS SOLAR NIBONG TEBAL SDN BHD ("JSNT"), A WHOLLY-OWNED SUBSIDIARY OF JAKS SOLAR POWER SDN BHD ("JSPSB") BY JSPSB TO SUNVIEW ASSET MANAGEMENT SDN BHD ("SAMSB") FOR CASH CONSIDERATION OF RM15.00 MILLION AND SETTLEMENT BY SAMSB OF AMOUNT OWING BY JSNT TO JAKS OF UP TO RM40.00 MILLION ("PROPOSED DISPOSAL")
Reference is made to the Company's announcements dated 12 January 2026 and 19 June 2026 ("Announcements"). Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Announcements. The Board of Directors of JAKS wishes to announce that JSPSB and SAMSB have mutually agreed to further extend the period for the fulfilment of the conditions precedent under the SSA for an additional period of one hundred and seventy five (175) days, from 7 October 2026 to 31 March 2027. Consequently, the completion date for the Proposed Disposal has also been extended and shall take place on or before 31 May 2027. The extension was granted to allow the parties additional time to fulfil the conditions precedent stipulated in the SSA. Save for the above, all other terms and conditions of the SSA remain unchanged and will continue to be in full force and have effect. This announcement is dated 9 October 2026.

Company Name	JAKS RESOURCES BERHAD
Stock Name	JAKS
Date Announced	09 Oct 2026
Category	General Announcement for PLC
Reference Number	GA1-09102026-00008