Reference is made to the Company’s announcement dated 10 October 2024 in relation to the acquisition of 51% equity interest in Foods Wise Network Sdn Bhd (“Foods Wise”) (“Announcement”). (Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Announcement.)

The Board of Directors of SHH Resources Holdings Berhad (“SHH” or “the Company”) wishes to announce that the parties to the Share Purchase Agreement (“SPA”), as defined therein, have mutually agreed to terminate the SPA due to commercial reasons.

Pursuant to the above, the parties therein have on 9 April 2025 entered into a Deed of Termination and Rescission (“Deed”) to terminate, revoke and rescind the SPA and to release and discharge each other from all duties, obligations or liabilities owing to each other under the SPA.

Salient Terms of the Deed of Termination and Rescission

Ang Seok Hong and Abdul Latif Bin Mohd Nasir (the “Sellers”) shall refund the sum of Ringgit Malaysia Two Hundred Fifty Thousand (RM250,000) (“Agreed Refund Sum”) as the full settlement on the entire Initial Consideration of Ringgit Malaysia One Million (RM1,000,000) to SHH within fourteen (14) business days from the termination date.

Financial Effects of the Termination and Rescission

The Deed is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholder’s shareholding of the Company for the financial year ending 30 June 2025 except for the RM750,000 expected loss on the Initial Consideration which is not recoverable.

Statement by Directors

The Board of Directors of the Company, after having considered all aspects of the SPA and Deed, is of the opinion that this is in the best interests of the Company and its subsidiaries.

None of the Directors, major shareholders or persons connected with them have any interest, direct or indirect, in the Deed.

Document Available for Inspection

A copy of the SPA and the Deed will be made available for inspection at the registered office of the Company at Lot 306, 3rd Floor, Tower 2, Faber Towers, Jalan Desa Bahagia, Taman Desa, 58100 Kuala Lumpur, during normal business hours from Monday to Friday (except public holidays) for a period of three months from the date of this announcement.

This announcement is dated 9 April 2025.