We wish to announce that JCY-C15 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 JCY-C15 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of JCY-C15 exercised x (1/2) x (RM0.3408 - RM1.0800) 
= Number of JCY-C15 exercised x RM0.0000 

The Closing Price of RM0.3408 is the average daily volume weighted average price (VWAP) of the ordinary shares of JCY on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The JCY-C15 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 JCY-C15 will cease to be valid and all our obligations in respect to JCY-C15 shall terminate absolutely.

This announcement is dated 9 June 2025.