We wish to announce that INARI-C2Z had expired at 9.00 a.m. on 25 August 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of INARI-C2Z exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of INARI-C2Z exercised x (1/3) x (RM1.9153 - RM3.3800) 
= Number of INARI-C2Z exercised x RM0.0000 

The Closing Price of RM1.9153 is the average daily volume weighted average price (VWAP) of the ordinary shares of INARI on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The INARI-C2Z is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised INARI-C2Z will cease to be valid and all our obligations in respect to INARI-C2Z shall terminate absolutely.

This announcement is dated 25 August 2025.