(Unless otherwise stated, abbreviations and definitions used throughout this announcement shall have the same meanings as those defined in the announcement dated 11 August 2025 in relation to the Proposed Acquisitions ("Announcement").)
Reference is made to the announcements dated 11 August 2025, 10 November 2025, 10 December 2025, 10 March 2026, 11 May 2026, 10 July 2026 and 10 August 2026 in relation to the Proposed Acquisitions.
The Board wishes to announce that on 9 October 2026, CGRESB entered into a supplemental letter of agreement with the Zeqna Vendor ("Supplemental Agreement"), pursuant to which the parties agreed that the remaining balance of the Zeqna Consideration payable by CGRESB under the Zeqna SSA shall be revised to RM10,500,000 ("Remaining Zeqna Consideration").
The Remaining Zeqna Consideration shall be paid by CGRESB to the Zeqna Vendor within 14 business days from the date of the Supplemental Agreement, being no later than 29 October 2026.
The Remaining Zeqna Consideration of RM10,500,000.00 takes into account:
- the RM4,000,000.00 already paid by CGRESB towards the original Zeqna Consideration of RM15,000,000.00 pursuant to the Zeqna SSA; and
- a reduction of RM500,000.00 from the outstanding balance of the Zeqna Consideration as agreed between CGRESB and the Zeqna Vendor pursuant to the Supplemental Agreement ("Variation").
Accordingly, following the Variation, the total Zeqna Consideration payable by CGRESB for the acquisition shall be reduced from RM15,000,000.00 to RM14,500,000.00.
The Zeqna Parties have further agreed that, as certain terms and conditions relating to the Zeqna Vendor's entitlement to the incentive payment of up to RM5 million were not satisfied, the incentive payment payable to the Zeqna Vendor shall be revised to RM38,941.99 ("Agreed Incentive Payment"). Pursuant to the agreed terms, the Agreed Incentive Payment shall be paid to the Zeqna Vendor within 14 business days from 9 October 2026, being no later than 29 October 2026.
The Variation and the Agreed Incentive Payment are not expected to have a significant impact on the effects of the Proposed Acquisitions as disclosed in the Announcement.
Having considered all aspects of the Variation and the Agreed Incentive Payment, including the terms of the Supplemental Agreement and the quantum of the Agreed Incentive Payment, the Board is of the opinion that the Variation and the Agreed Incentive Payment are in the best interests of CGRESB.
The Supplemental Agreement is available for inspection during normal office hours at the registered office of the Company at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Malaysia, from Monday to Friday (except public holidays) for a period of three months from the date of this announcement.
This announcement is dated 9 October 2026.