The Company had, at its Fourth Annual General Meeting (“4th AGM”) held on 26 June 2025, obtained a mandate from its shareholders for the Company and its subsidiaries (“Senheng Group”) to enter into the recurrent related party transactions of revenue or trading nature (“RRPT”), which are necessary for Senheng Group’s day-to-day operations, as set out in the Circular of Shareholders dated 29 April 2025 (“the Circular”).

Pursuant to Paragraph 10.09(2)(e) of the Main Market Listing Requirements and Practice Note 12 of Bursa Malaysia Securities Berhad, the Company wishes to announce that the actual aggregated value of the RRPT entered between Senheng Group and S Ecoystem (M) Sdn. Bhd. (“S Eco”) has exceeded the estimated aggregate value of RRPT disclosed in the Circular by more than 10%.

The details of the variation are set out as follows:-

The Company wishes to highlight that the reported variance is primarily driven by the overwhelming demand of the S-Coin redemption program followed by multiple tactical S-Coin campaigns launched as part of the core strategies to boost traffic and transaction. This trend is a clear signal of more members enjoying the benefit of our S-Coin ecosystem that led to higher loyalty and engagement.

This announcement is dated 23 February 2026.