On behalf of the Board of Directors of SkyGate, UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) wishes to announce that SkyGate Properties Sdn Bhd, a wholly-owned subsidiary of SkyGate, had on 15 January 2026 entered into a sale and purchase agreement with Prominent Goldhill Sdn Bhd, Promaddun Sdn Bhd and Jitu Sempurna Sdn Bhd to acquire 1,000,000 ordinary shares in Dahlia Cemerlang Sdn Bhd (“DCSB”), representing 100% equity interest in DCSB for a total purchase consideration of RM75.9 million.

The Proposed Acquisition is deemed as a related party transaction under paragraph 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad by virtue of the interests of the Interested Parties (as defined in the enclosed announcement).

Accordingly, SCS Global Advisory (M) Sdn Bhd (the “Independent Adviser”) has been appointed as the Independent Adviser to advise the non-interested directors and non-interested shareholders of the Company in relation to the Proposed Acquisition.

Further details of the Proposed Acquisition are set out in the attachment enclosed.

This announcement is dated 15 January 2026.