We refer to the earlier announcements in relation to the Proposed Transfer Listing. Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, M&A Securities wishes to announce that the following applications in relation to the Proposed Transfer Listing have been submitted to the relevant authorities on 30 September 2025:

(a) the application for the Proposed ACE Listing, registrable Prospectus and application for the Proposed Withdrawal of LEAP Listing have been submitted to Bursa Securities;

(b) the application for the resultant equity structure of the Company has been submitted to the Equity Compliance Unit of the SC; and

(c) the application for the allocation of IPO Shares to Bumiputera investors to be approved by MITI has been submitted to MITI.

Concurrently, we wish to inform the shareholders of the Company on the variation of the proposed use of proceeds to be raised from the Proposed Public Issue which was originally set out in the announcement dated 13 August 2024 and circular to the shareholders of the Company dated 28 January 2025 (“Variation”).

Prior to the Variation, part of the gross proceeds to be raised from the Proposed Public Issue were intended to be used to:

(a) replenish the Group’s working capital and/or part repay bank borrowings to set up a new facility to process bird’s nest and to bottle bird’s nest via the acquisition of 2 units of adjoining 2½-storey semi-detached industrial factories, as well as to;

(b) purchase and install a bottled bird’s nest production line,

which, gross proceeds were estimated to be utilised within 24 months from the completion of the Proposed Transfer Listing.

After taking into consideration the proceeds to be raised towards prioritising the optimisation of proceeds, the Company wishes to reallocate the proceeds originally allocated as mentioned above to further repay bank borrowings and fund the working capital of the Group’s purchase of raw materials.

The details of the Variation are as follows:

For information purpose, the acquisition of the 2 units of adjoining 2½-storey semi-detached industrial factories and the purchase and installation of a bottled bird’s nest production line will now be funded through the Group’s internal funds.

This announcement is dated 30 September 2025.