(Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the announcements dated 9 July 2020, 12 January 2023 and 20 July 2023 in relation to the Contract.)

1. INTRODUCTION

The Board of Directors of Destini is pleased to announce that Destini Prima Sdn Bhd (“DPSB”), a wholly-owned subsidiary of Destini, had on 18 September 2025, accepted a letter of award, for an extension of contract from the Ministry of Defence Malaysia for the supply of non-proprietary aircraft spare parts for the Royal Malaysian Airforce (“Contract”).

2. SALIENT TERMS OF THE CONTRACT

The salient terms of the Contract are as follows:

(i) The tenure of the Contract which expired on 30 June 2025 has been extended for another eighteen (18) months from 1 July 2025 to 31 December 2026;

(ii) The value of the contract remains at RM403,750,000.00 (combined ceiling with other 29 contractors); and

(iii) DPSB is required to provide a performance bond when receiving orders from the Government. The performance bond shall amount to 2.5% for orders more than RM200,000.00 and 5.0% for orders more than RM500,000.00.

3. RISK FACTORS

The risk factors affecting the Contract includes the non-fulfilment of the salient terms of the Contract as set out in Section 2 of this Announcement, which will lead to the termination of the Contract. However, DPSB will take all reasonable steps to ensure that the salient terms of the Contract are met.

4. FINANCIAL EFFECTS

The Contract will not have any effect on the issued and paid-up share capital and the shareholding of the substantial shareholders of Destini as it does not involve the issuance of ordinary shares in Destini.

The Contract is expected to contribute positively to the earnings and net assets of Destini for the financial year ending 30 June 2026 and the financial periods in the duration of the Contract.

5. APPROVAL REQUIRED

The Contract is not subject to Destini shareholders’ approval.

Save for the above, the Contract is not conditional upon any other corporate proposal of Destini.

6. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

None of the Directors or major shareholders of Destini, or persons connected with them, have any interest, direct or indirect, in the Contract.

7. DIRECTORS’ STATEMENT

The Board of Directors of Destini, after having considered all aspects of the Contract, is of opinion that accepting the Contract is in the best interest of Destini.

This Announcement is dated 18 September 2025.