(For consistency purposes, the abbreviations used throughout this announcement shall have the same meanings as defined in the circular to shareholders dated 16 April 2026 in relation to the Proposed Disposal of SCM and Proposed Disposal of Lands, where applicable, unless stated otherwise or defined herein.)

Reference is made to the circular to shareholders dated 26 November 2025 in relation to, amongst others, the Proposed Rights Issue with Warrants as well as the circular to shareholders dated 16 April 2026 in relation to the Proposed Disposal of SCM and Proposed Disposal of Lands ("Circular").

On behalf of the Board, Berjaya Securities wishes to announce that the Proposed Disposal of SCM has been completed in accordance with the terms and conditions of the SSPA on 22 May 2026.  

Further to the above, reference is made to Section 13 of the Circular whereby it was stated that the implementation of the Proposed Rights Issue with Warrants is subject to whether or not the Proposed Disposal of SCM and Proposed Disposal of Lands are approved by shareholders. This is in view that, following the completion of the Proposed Disposal, SCM will cease to be a subsidiary of the Company and therefore the utilisation of proceeds from the Proposed Rights Issue with Warrants, whereby a substantial portion is earmarked for construction of factory and purchase of machineries in relation to SCM's Manufacturing Business, would no longer be relevant.

Given that the Proposed Disposal of SCM and Proposed Disposal of Lands have been approved by shareholders and the Proposed Disposal of SCM is now completed, the Company will not proceed to implement the Proposed Rights Issue with Warrants based on the current scheme.

Moving forward, the Company may announce a revised scheme for the Proposed Rights Issue with Warrants and submit a fresh application to Bursa Securities in relation thereto at a later date, subject to further assessment on the Group's funding requirements following the completion of the Proposed Disposal of SCM. In such an event, Shareholders' approval will also be obtained for the revised scheme for the Proposed Rights Issue with Warrants.

This announcement is dated 22 May 2026.