Further to our announcement dated 17 March 2026, the Company wishes to provide additional information in relation to the Proposed Settlement of Debt via Transfer of Quoted Shares. Unless otherwise stated, the terms used herein shall have the same meanings as defined in the earlier announcement.

1. BASIS FOR THE REPAYMENT

The basis for the amount to be set off was mutually agreed between both parties. This creditor was agreeable to accept payment via the transfer of the said shares.

2. PAYMENT TO THE CREDITOR AND ITS NOMINEES

The transfer was done via direct business trade between brokers. The contract note for the sale which we received only states the volume and price.

3. DEBTS TO THE CREDITORS

The amount owing to the creditor was mainly for the purchases of raw material and other items required for our day-to-day operations over the period of two (2) years. Due to the shortfall in our bank facilities, this creditor paid for all these purchases on our behalf, as per disclosed in Note 19 of the Company's 2025 Annual Report.

4. SHARE PRICE

The weighted average market price ("VWAP") prior to the transfer was RM0.356. However, both parties agreed to RM0.35 as consideration. Yesterday closing price was RM0.335.

This announcement is dated 25 March 2026.