The Board of Directors of Sapura Resources Berhad (“the Board”) wishes to provide the following update pertaining to the internal investigation involving the Company’s former Managing Director, Dato’ Shahriman Shamsuddin. Following the completion of the internal investigation, the final investigation report was submitted to Bursa Malaysia Securities Berhad (“Bursa Malaysia”) in response to a request from Bursa Malaysia’s Corporate Surveillance Unit.

Subsequent to this submission, a formal complaint was lodged with the Companies Commission of Malaysia (“SSM”) for potential breaches of the Companies Act 2016 in relation to conflict of interest matters, in line with the Company’s commitment to ensuring compliance with all applicable regulatory obligations. As part of SSM’s process in handling such complaints, SSM required the Company to lodge a police report related to the matters highlighted in the complaint. The Company has fully complied with this requirement.

Confidentiality of Investigation Findings

The Board wishes to clarify that while the internal investigation has been completed and the final investigation report has been submitted to Bursa Malaysia and SSM, the contents and findings of the report will not be publicly disclosed at this juncture. This is to ensure the integrity of ongoing regulatory reviews and to avoid any premature disclosure that could prejudice or interfere with the processes being undertaken by the relevant authorities. The Board further notes that the report contains information of a legally sensitive nature, and public disclosure could compromise any ongoing investigations, confidentiality, legal privilege, and the Company’s rights.

The Company reiterates its commitment to fully comply with all applicable disclosure requirements and will update shareholders if and when there are material developments requiring disclosure under the Main Market Listing Requirements of Bursa Malaysia.

The Company is also evaluating all legal options available, and will take further action as advised by its legal counsel, in the best interest of the Company and its stakeholders.

This announcement is dated 10 March 2025.