Reference is made to the Company’s announcements dated 17 December 2024, 14 January 2025, 15 January 2025 and 12 February 2025 in relation to the Capital Reduction (“Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meaning as previously defined in the Announcements.

On behalf of the Board, M & A Securities wishes to announce that the Company has not received any application under Section 118(2) of the Act for the cancellation of the special resolution passed at the EGM held on 12 February 2025 for the Capital Reduction. Pursuant thereto, the Company had lodged the relevant documents as required under Section 119(1) of the Act with the Registrar of Companies, and subsequently on 9 April 2025, received a notice dated 8 April 2025 issued by the Registrar of Companies confirming the reduction of share capital (“Notice”).

Pursuant to Section 119(4) of the Act, the Notice shall be conclusive evidence that all the requirements of the Act with respect to the reduction of share capital have been complied with. Accordingly, the Capital Reduction takes effect on 8 April 2025.

Following the completion of the Capital Reduction, the issued share capital of the Company is RM92,399,662 comprising 497,251,086 Vsolar Shares.

This announcement is dated 9 April 2025.