The Board of Directors of PinePac (“Board”) refer to the First Announcement made on 3 September 2019 and the subsequent monthly announcements in relation to the Company being classified as an affected listed issuer pursuant to Paragraph 8.03A(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as defined in the said announcements.

Reference is made to the Company’s announcement dated 31 July 2025, the Company received a letter from its major shareholder, Allgrow Capital Holdings Sdn Bhd notifying the Company of its intention to privatise PinePac via a selective capital reduction and repayment exercise pursuant to section 116 of the Companies Act 2016. (“SCR Offer Letter”) (“Proposed SCR”). Details of the Proposed SCR is stated in the SCR Offer Letter.

The Company will make the relevant announcement should there be any material development in relation to the Proposed SCR.

This announcement is dated 1 August 2025.