We refer to the Company’s announcements dated 29, October 2024, 30 October 2024, 13 February 2025 on the resignation of Auditors and delay in issuance of Outstanding Financial Statements for the financial period ended 30 June 2024 (“Announcements”).

Further to the Announcements, the Board of Directors of MCOM Holdings Berhad (the "Board") wishes to announce that the Company has on even date received a notice in writing from Messrs. KC Chia & Noor (“KCCN”) on their non-acceptance of nomination as Auditors of the Company.

The non-acceptance of nomination of KCCN as the Auditors of the Company was due to the conditions imposed upon them by the Audit Oversight Board (“AOB”), which, inter alia, renders KCCN to withdraw as AOB registered firm to perform audit of public interest entities with effect from 24 February 2025.

In view of the above-mentioned, the progress of preparing the Outstanding Financial Statements is expected to be further delayed. The Board is currently assessing the options available while seeking for candidates as new Auditors to fill in vacancy caused by the resignation of KCCN.

Meanwhile, the Company will pursue the following:

a) Another extension of time (“EOT”) pursuant to Section 340 of the Companies Act  2016 with the Companies Commission of Malaysia for the Company to hold its 7th Annual General Meeting given the initial EOT approved up to 31 March 2025 is no longer feasible; and

b) EOT with Bursa Malaysia Securities Berhad for the Company to issue the Outstanding Financial Statements beyond 6 months from the financial year end, i.e. 31 October 2024 as required under Rule 6.13 of the LEAP Market Listing Requirements.

Save for the above, the Board is not aware of any matter that need to be brought to the attention of the shareholders of the Company.

Further announcement(s) will be made by the Company if there is any development on the appointment of new Auditors, the applications for EOT and progress on the preparation of Outstanding Financial Statement.

This announcement is dated 28 February 2025.