The Board of Directors ("Board") of Lotus Circular Berhad wishes to announce that the Company had on 5 May 2026 received a notice in writing dated 30 April 2026 from Messrs Crowe Malaysia PLT ("Crowe") on their resignation as External Auditors of the Company for the financial year ending 30 June 2026.

The resignation is due to the Company and Crowe not being able to reach a consensus on the proposed increase in audit fees for the financial year ending 30 June 2026.

The Board confirms that, to the best of their knowledge, there are no other matters that need to be brought to the attention of the shareholders of the Company in relation to the resignation of the External Auditors.

The Company is in the midst of identifying a suitable replacement to fill the vacancy and will make an appropriate announcement once the new external auditors are appointed, in accordance with Section 271(2)(b) of the Companies Act 2016.

Pursuant to Section 281(2) of the Companies Act 2016, the resignation of Crowe was effective on 30 April 2026, as set out in Crowe's notice of resignation.

This announcement is dated 6 May 2026.