Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

JCBNEXT BERHAD

Particulars of substantial Securities Holder

Name	HSBC ASIA HOLDINGS LIMITED
Address	1 Queen's Road Central Hong Kong.
Company No.	2513664
Nationality/Country of incorporation	Hong Kong
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	03 Oct 2025	4,000,000	Acquired	Deemed Interest
	Name of registered holder	The Hongkong and Shanghai Banking Corporation Limited (HBAP-SGDIV-ACCL) - Voyager Assets Limited
	Address of registered holder	No. 2, Leboh Ampang, 50100 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	HSBC Asia Holdings Limited ("HAHO") is deemed to have an interest in JcbNext Berhad for the following reasons- 1. HSBC Trustee (Singapore) Limited ("HKTS") has deemed interest in the shares of JcbNext Berhad in its capacity as Trustee of the trust and registered holder of the entire issued capital of Voyager Assets Limited. 2. HSBC International Trustee Limited ("HKIT") has deemed interest in the shares of JcbNext Berhad as the shareholder of HKTS. 3. HSBC International Trustee (Holdings) Pte. Ltd. (HTHL) owns the entire issued capital of HKIT. 4. The Hongkong and Shanghai Banking Corporation Limited ("HBAP") owns the entire issued capital of HTHL. 5. HAHO owns the entire issued capital of HBAP. The change is due to acquisition of shares on the following date: 3 October 2025 - 4,000,000 shares
Nature of interest	Deemed Interest
Direct (units)	0
Direct (%)	0
Indirect/deemed interest (units)	11,435,900
Indirect/deemed interest (%)	8.731
Total no of securities after change
Date of notice	08 Oct 2025
Date notice received by Listed Issuer	08 Oct 2025

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