We wish to announce that ARMADA-C1I had expired at 9.00 a.m. on 30 July 2026 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of ARMADA-C1I exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of ARMADA-C1I exercised x (1/2) x (RM0.3657 - RM0.5000) 
= Number of ARMADA-C1I exercised x RM0.0000 

The Closing Price of RM0.3657 is the average daily volume weighted average price (VWAP) of the ordinary shares of ARMADA on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The ARMADA-C1I is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised ARMADA-C1I will cease to be valid and all our obligations in respect to ARMADA-C1I shall terminate absolutely.

This announcement is dated 30 July 2026.