(We refer to the Company's announcements dated 24 September 2024, 21 November 2024, 6 February 2025, 24 February 2025 and 21 March 2025, in relation to amongst others, the Proposed Capital Reduction (“Announcements”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said Announcements.).

On behalf of the Board, RHB Investment Bank wishes to announce that Magma had, via its legal counsel, filed an application to the High Court of Malaya in relation to the Proposed Capital Reduction pursuant to Section 116 of the Act.

This announcement is dated 6 June 2025.