We refer to your Company's announcement dated 19 June 2026, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:-

1)     To provide the date of the sale and purchase agreement ("SPA") entered into for the Acquisition as well as the salient terms of the SPA including the conditions precedent, payment term/schedule, mode of settlement and the relevant termination and penalty clauses set out in the SPA accordingly.

2)     To provide additional information on FOSB, which shall include the following:

(a)    Summary of the audited financial information on FOSB for the past 3 financial years and the latest unaudited management accounts, of which the key financial information shall include but not limited to revenue, profit/loss before tax, profit/loss after tax, total assets, total liabilities (including borrowings and any advances by director(s)/shareholder(s), net assets/liabilities and net cashflow position, etc.

(b)    FOSB's shareholdings before and after the Acquisition in the following manner:

(c)      Given that FOSB's principal activity is investment in properties, please tabulate details of all the properties held under FOSB's current portfolio in the following manner:

Notes:

*       To include information on whether the property is a freehold property. If it is a leasehold property, please state the lease tenure, the remaining years and the expiry date of the lease accordingly.

^{^}       To include the relevant remarks/explanation for non-income generating property(ies).

^#        To specify the financial year end for the latest audited financial statements.

3)     To provide the basis in arriving at RM42 million other than on a willing buyer willing seller basis and the justification for such consideration.

4)     To quantify the increase in revenue and other financial benefits to be derived from the Acquisition to substantiate the following statements disclosed as the rationale for the Acquisition under Section 5 of the announcement:

(i)     The Acquisition allows for business growth and financial stability by creating new opportunities and increasing revenue for the Group; and

(ii)    The Acquisition helps strengthen resources and support future projects.

5)     Please clarify and disclose what are the normal and market risks referred to under Section 6 of the announcement together with the relevant mitigating factors for such risks.

6)     Given that the consideration of RM42 million for the Acquisition was satisfied entirely by funds generated internally (of which such amount represents a significant portion of the net cash and cash equivalent of approximately RM49.8 million as at 31 March 2026 recorded by TWL, as noted from TWL's quarterly report for the financial period ended 31 March 2026 released on 26 May 2026), please provide a quantitative illustration to support the statements (disclosed under Sections 6 & 7 of the announcement) that the Acquisition is not expected to have any significant effects on the Net Assets and earnings per share of the TWL Group for the financial year ending 30 June 2026.

7)     In view of the disclosures made under Sections 8 & 12 of the announcement, please provide an explicit statement/confirmation on whether or not the Acquisition is a related-party transaction.

8)     To provide the highest percentage ratio applicable to the Acquisition pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements.

9)     To make the SPA available for inspection for a period of 3 months pursuant to Paragraph 8.31 and Paragraph 19, Appendix 10A of the Main Market Listing Requirements.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

Listing 

Group Regulation
 

Cc : Market Surveillance Department, Securities Commission Malaysia