The Board of Directors of Ideal Capital Berhad ("Ideal" or "the Company") wishes to announce that the Company has on 10 September 2025 received a notice in writing dated 10 September 2025 pursuant to Section 281 of the Companies Act 2016 from UHY Malaysia PLT ("UHY") on their resignation as External Auditors of the Company and its subsidiaries ("Ideal Group") and in replacement thereof,  Morison LC PLT (“Morison LC”), will be appointed as External Auditors of Ideal Group for the financial year ending 31 December 2025 and to hold office until the conclusion of the next Annual General Meeting. The appointment of Morison LC is subject to the receipt of the written consent to act as Auditors from Morison LC pursuant to Section 264(5) of the Companies Act 2016.

The resignation of UHY was made on the basis of mutual consent between the Board of Directors of the Company and UHY. The Company has informed UHY that the Board of Directors has decided to effect a change of auditors, as UHY has served as the External Auditors of the Company some period of time. The Board of Directors is of the view that the change will enable the Company and the Group to benefit from fresh perspectives and insights from another professional audit firm.

Save for the above, there are no other matters that need to be brought to the attention of the shareholders of the Company.