On behalf of the board of directors of Cloudaron (“Board”), Sierac Corporate Advisers Sdn. Bhd. (“SCA”) wishes to announce that the Company had on 4 August 2025 entered into a share purchase agreement (“SPA”) with Abelco to dispose of Cloudaron’s entire equity interests in CPL and DACS (collectively, the “Disposal Companies”), the wholly-owned subsidiaries of Cloudaron, to Abelco for a total disposal consideration of EUR7.80 million (which sum is equivalent to approximately RM38.45 million) (“Disposal Consideration”), to be satisfied entirely via the issuance and allotment of approximately 17.94 billion new Abelco Shares (“Consideration Shares”) at an issue price of SEK0.005 per Consideration Share.

In conjunction with the Proposed Disposal, the Company also intends to undertake the Proposed Distribution to distribute all Abelco Shares held by Cloudaron arising from the Proposed Disposal to the entitled shareholders of Cloudaron by way of a proposed capital reduction pursuant to Section 116 of the Companies Act, 2016 (“Act”) (“Proposed Capital Reduction”) and proposed dividend-in-specie (“Proposed Dividend-In-Specie”) on an entitlement date to be determined later (“Entitlement Date”) after the completion of the Proposed Disposal.

The Proposed Disposal and Proposed Distribution are collectively referred to as “Proposals”.

Further details of the Proposals are set out in the attachment below.

This announcement is dated 5 August 2025.