The Board of Directors of the Company wishes to announce that Rig Capital Pte. Ltd., an indirect wholly-owned subsidiary of the Company (hereinafter referred to as “Buyer”) had on 15 January 2026 entered into a Sales Contract of Drilling Rig (“Contract”) with Gaoyou Hao Xiang Petroleum Machinery Co., Ltd (hereinafter referred to as “Seller”) for the purchase of 2 sets of Drilling Rig 750HP AC and 3 sets of Drilling Rig 550HP AC for the total consideration of USD 16,258,604.00 and USD 23,614,032.00 respectively [equivalent to RM 65,912,380.00 and RM 95,731,285.00 respectively] to facilitate oil and gas Integrated Project Management (IPM) Drilling Services in Indonesia region.

Please refer to the attached document for further details.

Further announcement will be made as and when there is material development on the above matter.

This announcement is dated 20 January 2026.