Unless otherwise stated, the terms used throughout this announcement shall bear the same meanings as those previously defined in the Company’s announcement dated 22 January 2026 (Reference Number: GA1-09012026-00016).

With reference to DXN’s announcement dated 22 January 2026, the Company wishes to clarify the following: -

1. The reference to “agriculture-related production” relates to the Group’s ordinary course of business, which includes the cultivation, processing and downstream manufacturing of Ganoderma, mushroom-based inputs, coffee-related agricultural inputs and other plant-based raw materials used in the Group’s health, wellness, food and beverage products. These activities are consistent with the Group’s existing upstream and downstream operations and do not constitute a new line of business.

2. The reference to an indicative amount of up to approximately USD50 million represents a preliminary, non-binding indication of the overall potential scale of investments that the Group may consider in Brazil over time, subject to feasibility, prevailing conditions and internal approvals. 

The amount does not constitute a commitment, and no definitive investment structure, timeline or allocation has been determined at this stage.

The Group is exploring Brazil as part of its strategy to expand into new markets within Latin America, where it already has an established presence.

3. The MOU with Apex-Brasil complements the previously announced MOU with the Municipality of Ibiá (“Ibiá MOU”) by providing federal-level facilitation, coordination and regulatory support in relation to market access and investment facilitation in Brazil, while the Ibiá MOU focuses on potential site-specific and municipal-level collaboration.

In particular, Apex-Brasil’s role relates to investment facilitation, regulatory guidance, market access, and engagement with relevant federal agencies in Brazil, whereas the Ibiá MOU relates to exploratory discussions concerning a potential industrial site at the municipal level.

Both MOUs are non-binding and form part of the Group’s broader evaluation of potential investment opportunities in Brazil, and by extension, the Latin America region.

This announcement is dated 23 January 2026.