The Board of Directors of Classita wishes to announce that the Company had, on 8 September 2025, entered into a Heads of Agreement (“HOA”) with Choo Peng Hung (“CPH”) in relation to the proposed disposal of 49% equity interest of the total issued share capital of Classita (M) Sdn Bhd and Marywah Industries (M) Sdn Bhd respectively to CPH (“Proposed Transaction”).

Classita and CPH collectively hereinafter referred to as “the Parties”.

Classita (M) Sdn Bhd and Marywah Industries (M) Sdn Bhd, being the target companies are currently the wholly-owned subsidiaries of the Company whilst CPH is director and member of the management team of the target companies.

The purpose of the HOA is to record the general understanding between the Parties and to provide a framework for the Parties to discuss and negotiate in greater detail with a view to agreeing upon the definitive terms and conditions of the Proposed Transaction, including the consideration and any other material terms. The Parties had targeted to enter into a definitive agreement within 6 months from the signing of the HOA on a best-efforts basis or such other extended period mutually agreed.

The rationale for the Proposed Transaction is to provide the management with the opportunity for potential equity participation, which is expected to enhance their commitment and further align their interests with those of the Company. Concurrently, the Proposed Transaction will enable Classita to undertake a partial divestment and reallocation of resources to its property and construction businesses.

None of the directors and/or major shareholders of Classita and/or persons connected with them have any interest, either direct or indirect in the HOA.

The Board of Directors of Classita is of the opinion that HOA is in the best interest of the Company as the Proposed Transaction is in line with the Company’s strategic focus and ongoing expansion into the property, construction and infrastructure sectors.

Should the Company enter into the definitive agreement with CPH, the Company will make the necessary announcement and/or seek the approvals from its shareholders, if required, in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 08 September 2025.