On behalf of the Board of Directors of Jiankun (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company and its subsidiaries (“Jiankun Group” or the “Group”) had on 4 August 2025 entered into conditional debt settlement agreements with certain creditors to fully settle the debts of an aggregate amount of approximately RM8.24 million owing by the Group to the creditors via the issuance of 274,513,068 new ordinary shares in Jiankun at an issue price of RM0.03 per share (“Proposed Debt Settlement”).

In conjunction with the Proposed Debt Settlement, the Company proposes to undertake the following:

(i)         proposed reduction of the issued share capital of Jiankun via the cancellation of the issued share capital which is lost or unrepresented by available assets of up to RM61.30 million pursuant to Section 117 of the Companies Act 2016 (“Proposed Share Capital Reduction”); and

(ii)        proposed diversification of the principal activities of Jiankun Group to include the trading of building materials, machineries and equipment as well as related business activities (“Proposed Diversification”).

Further details of the Proposals are set out in the attachment below.

This announcement is dated 4 August 2025.