Reference is made to Section 5.20(ii) of Radium’s prospectus dated 27 April 2023 in respect of the LOI issued by Radium to NMCSB, and subsequent announcements made on 4 August 2023 and 2 February 2024.

The Board of Directors (“Board”) of Radium wishes to announce that Radium and NMCSB had on 10 June 2025 mutually agreed to terminate the LOI (“Mutual Termination”) in view of the continued uncertainty arising from resolution of legal proceedings pertaining to the Land.

Pursuant to the Mutual Termination and in accordance with Clause C under the section titled “Subscription Amount” of the LOI, NMCSB shall refund the deposit sum of Ringgit Malaysia Fourteen Million only (RM14,000,000.00) with interest of ten per centum (10%) on daily basis to Radium in full within seven (7) days from the date of Mutual Termination. Upon receipt of the full refund of deposit sum, the LOI shall be deemed null and void and of no further force or effect.

As a gesture of goodwill, Radium agreed to waive the interest provided that the deposit sum is refunded in full within seven (7) days from the date of Mutual Termination and that Radium is granted the first right of refusal in respect of the Land, in the event the legal proceeding pertaining to the Land is resolved.

For the financial year ending 31 December 2025, the Mutual Termination is not expected to have a material effect on the Group’s earnings, earnings per share, net assets, and gearing.

The Board is of the view that the Mutual Termination is in the best interest of the Company, and will enable Radium to reallocate its resources to other strategic initiatives.

This announcement is dated 10 June 2025.