The Board of Directors of NEXGRAM (“Board”) wishes to announce that Nec Suria Infra Bersama Sdn. Bhd. (“NEC or the “Purchaser”), a wholly owned sub-subsidiary of NEXGRAM, had on 10 October 2025 entered into a Conditional Share Sale Agreement (“CSSA”) with the following vendors:

1. Foo Seh Kai (“Vendor 1”);
2. Leow Hiong Wei (“Vendor 2”); and
3. Tay Chia Ping (“Vendor 3”)

(collectively referred to as “the Vendors”),

to purchase 7,000 Ordinary Shares, representing 70% of the issued and paid-up share capital of GAD Energy Sdn. Bhd. (“GAD”) (the “Sale Shares”), for a total purchase consideration of Ringgit Malaysia Twenty Million (RM20,000,000.00) only (“Consideration”). The Consideration shall be satisfied through the issuance of 40,000,000 Redeemable Convertible Preference Shares (“RCPS”) in NEC at an issue price of RM0.50 per RCPS, subject to the terms and conditions stated in the CSSA (“the Acquisition”).  

Upon completion of the Acquisition, GAD will become a 70% owned sub-subsidiary of NEXGRAM.

The details of the announcement is attached herewith.

This announcement is dated 10 October 2025.