Reference is made to the Company’s announcement dated 11 August 2025.

The Board of Directors of CARZO (“Board”) wishes to inform that that Bursa Malaysia Securities Berhad ("Bursa Securities") has vide its letter dated 2 October 2025 informed the Company that after due consideration of all the facts and circumstances of the matter, Bursa Securities had decided to suspend the trading of the securities of the Company and de-list the Company pursuant to Rule 6.06(3) of the LEAP Marketing Listing Requirements of Bursa Securities (“LEAP LR”). In this regard:

(a) the trading of the securities of CARZO will be suspended with effect from 10 October 2025; and

(b) the securities of the Company will be de-listed on 15 October 2025 unless an appeal against the de-listing is submitted to Bursa Securities on or before 9 October 2025 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the de-listing of the securities of the Company from the Official List of Bursa Securities on 15 October 2025 will be deferred pending the decision on the Company’s appeal. However, Bursa Securities will proceed to suspend the trading of the Company’s securities on 10 October 2025 even though the decision on the Company’s appeal is still pending.

In arriving at the above decision to suspend and de-list the securities of the Company, Bursa Securities had considered, amongst others, the following:

(a) CARZO had failed to comply with the obligations under Rule 6.06(2) of the LEAP LR and based on the Company's response to the notice of show cause vide letter dated 13 August 2025, it was noted that the efforts undertaken by the Company to acquire a new core business to regularise the business and financial position of CARZO were unsuccessful and the Board of Directors lacked confidence that the business and financial condition of CARZO Group could be turnaround and continue as going concern.

(b) The Company's financial condition post-listing from the financial year ended 31 December 2021 until 30 June 2025 where the Company was in a net liability position.

(d) All affected companies under Rule 6.06 of the LEAP LR were required to regularise their condition within the timeframes prescribed by Bursa Securities.

(e) The requirement for companies to have a clearly identifiable core business served to ensure that companies listed on the Official List are of a certain minimum quality as well as to preserve and sustain market integrity and investors' confidence.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities will be withdrawn from Bursa Depository by the Company upon the de-listing of the securities from the Official List of Bursa Securities. The Company will continue to update and maintain the shareholders’ information in their Registrar.

Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities. The interests and rights of the shareholders will remain safeguarded under the Companies Act 2016.

This announcement is dated 2 October 2025.