We wish to announce that ARMADA-C1B had expired at 9.00 a.m. on 26 January 2026 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of ARMADA-C1B exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of ARMADA-C1B exercised x (1/1.5) x (RM0.3117 - RM0.7000) 
= Number of ARMADA-C1B exercised x RM0.0000 

The Closing Price of RM0.3117 is the average daily volume weighted average price (VWAP) of the ordinary shares of ARMADA on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The ARMADA-C1B is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised ARMADA-C1B will cease to be valid and all our obligations in respect to ARMADA-C1B shall terminate absolutely.

This announcement is dated 26 January 2026.