IQZAN HOLDING BERHAD ("IQZAN" OR THE "COMPANY") 
- CONDITIONAL SHARE SALE AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 2,590,070 ORDINARY SHARES, REPRESENTING 70% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL IN KACON CONSTRUCTION SDN. BHD. BY CAL-TEST LABORATORY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

We refer to IQZAN’s announcement dated 30 April 2024 in respect of the aforesaid matter.

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

1) The Net Assets and Net Profits of KCSB based on the latest audited financial statements.

2) The detailed basis and justification to arrive at the purchase consideration of RM1,000,000.

3) The basis and justification to arrive at the issue price of RM200 for each RCPS.

4) Details of the “know-how in technology” possessed by KCSB and the size of the customer base.

5) The rationale for the issuance of RCPS as the purchase consideration.

6) The conversion price of the RCPS and the resultant shareholdings of KAG in Cal-Test upon full conversion of the RCPS.

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)