Pursuant to Paragraph 9.19(25) and Paragraph 9.20 of the Listing Requirements, the Board of Directors of Velocity Capital Partner Berhad (“Velocity”) wishes to announce that:-

(a) Velocity had on 3 March 2025 become a substantial shareholder of MMAG Holdings Berhad (“MMAG”) following the acquisition of a total of 150,000,000 ordinary shares in MMAG, representing 6.49% of the total number of issued shares of MMAG via direct business transactions on 3 March 2025.

(b) The aggregate purchase consideration of quoted securities acquired by Velocity within the preceding twelve (12) months which has not been announced, has exceeded 5% of Velocity’s latest audited consolidated net assets as at 30 June 2024, details are as follows:-

(RM)

% of Velocity's latest audited consolidated net assets

(a)

Aggregate purchase consideration within the preceding twelve (12) months which has not been previously announced

60,000,000.00

15.22%

(b)

Investment in quoted securities as at 3 March 2025:

- Total Cost

- Book Value

- Market Value

60,000,000.00

60,000,000.00

75,000,000.00

N/A

(c)

Profit or loss arising from the sales in quoted securities during the current financial year

N/A

N/A

This announcement is dated 3 March 2025.