IQZAN HOLDING BERHAD ("IQZAN" OR THE "COMPANY") DISPOSAL OF TOTAL 51.39% EQUITY INTEREST IN ZOOMIC TECHNOLOGY (M) SDN. BHD ("ZOOMIC"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED DISPOSAL")

We refer to IQZAN’s announcement dated 22 February 2024, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) The date the parties entered into the Conditional Share Sales and Repurchase Agreements (“CSSA”) which specified the Initial Buyback Period as well as the option for IQZAN to buy back the Sale Shares from the Buyers.

2) All the salient terms and conditions as specified in the initial CSSA (prior to the Addendum and Supplemental Agreements).

3) The reason for the non-disclosure of the salient terms and conditions of the CSSA in the announcements dated 8 and 10 August 2023 for the Proposed Disposal.

4) The reason for IQZAN not exercising the option to buy back or relinquishing its buy back rights during the Initial Buyback Period.

5) As stated in the announcement, the Proposed Disposal is deemed not completed pending, amongst others, the issuance of the completion notice by IQZAN to the Buyers confirming the Proposed Disposal and relinquishing its rights to buy back the Sale Shares. In view that the Proposed Disposal has not been completed and ZOOMIC is still a subsidiary of IQZAN, to clarify on the status of the proposed disposal of two adjoining lots of leasehold industrial land with a double-storey detached factory-cum-office in Pulau Pinang by ZOOMIC for cash consideration of RM25.5 million which was first announced on 2 December 2022.

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

Yours faithfully,

Listing

Regulation

Cc : Market Surveillance Dept. , Securities Commission (via fax)