We wish to announce that MSM-CX had expired at 9.00 a.m. on 9 June 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of MSM-CX exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of MSM-CX exercised x (1/4) x (RM1.0550 - RM2.8800) 
= Number of MSM-CX exercised x RM0.0000 

The Closing Price of RM1.0550 is the average daily volume weighted average price (VWAP) of the ordinary shares of MSM on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The MSM-CX is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised MSM-CX will cease to be valid and all our obligations in respect to MSM-CX shall terminate absolutely.

This announcement is dated 9 June 2025.