Further to the Company's announcement dated 18 September 2025 in respect of the Notices of Assessment for Capital Gains Tax ("CGT") received from the Inland Revenue Board of Malaysia ("IRB") amounting to RM6,759,377.27, the Board of Directors of Pantech Group Holdings Berhad ("Company") wishes to announce that the IRB has rejected the Company's appeal for exemption from CGT under the Income Tax (Initial Public Offering) (Exemption) Order 2024 [P.U.(A) 290/2024] ("Exemption Order") ("IRB's Decision").

Following the rejection of the appeals by the IRB, the Company has sought legal advice and is of the view that there are reasonable grounds to challenge the IRB's Decision. The Board wishes to further announce that the Company had on 1 July 2026 filed an application for leave to commence judicial review proceedings and a stay of payment of the CGT at the High Court of Malaya in respect of the IRB's Decision. As at the date of this announcement, the judicial review application and the stay application have yet to be heard by the Court.

Based on the current assessment, the Board does not expect the matter to have any material operational impact on the Company and its subsidiaries.

The Company will make further announcements to Bursa Malaysia Securities Berhad as and when there are material developments in relation to the above matter.

This announcement is dated 2 July 2026.