The Board of Directors of PinePac (“Board”) refer to the First Announcement made on 3 September 2019 and the subsequent monthly announcements in relation to the Company being classified as an affected listed issuer pursuant to paragraph 8.03A(2) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”).

The Board wishes to inform that subsequent to the announcement dated 2 September 2025, there is no material development on the status of the Company’s regularisation plan. The Board is cognizant of the timeline to regularize its financial conditions and will endeavour to source for opportunities as per the MMLR.

The Company will make the relevant announcement should there be any material development in relation to its regularisation plan.

In addition, the Company received a letter from its major shareholder, Allgrow Capital Holdings Sdn Bhd ("ACHSB") on 31 July 2025, notifying the Company of its intention to privatise PinePac via a selective capital reduction and repayment exercise pursuant to section 116 of the Companies Act 2016 (“Proposed SCR”). Please refer to the announcements dated 31 July 2025, 4 August 2025, 8 August 2025, 28 August 2025 and 29 September 2025 for further details on the Proposed SCR.

This announcement is dated 1 October 2025.