Unless otherwise stated, all abbreviations and terms used in this announcement shall have the same meanings as those defined in the Company’s announcements in relation to the disclosure requirements under Paragraph 4.1(c) of PN17 of the Listing Requirements.

We refer to the Company’s first announcement dated 31 May 2022 and subsequent announcements in relation to the Company being classified as an affected listed issuer and the disclosure requirements under Paragraph 4.1(c) of PN17 of the Listing Requirements.

As announced on 15 August 2025, the Company had entered into the Subscription Agreement on the same day with Malaysia Development Holding Sdn Bhd, a special purpose vehicle controlled by the Minister of Finance, Incorporated (“MDH”), in respect of MDH’s subscription for an amount of up to RM1.1 billion in nominal value of RCLS in the Company. The subscription is conditional upon the occurrence of the Restructuring Effective Date (being the date on which the compromise and settlement of the outstanding liabilities of the Scheme Creditors under the terms of such Scheme becomes effective) on or before 12 months from the Sanction Date (i.e. 11 March 2026) (“Long Stop Date”).

Subsequently, as announced on 22 August 2025, the sealed copy of the order obtained from the High Court of Malaya confirming the Share Capital Reduction has been lodged with the Companies Commission of Malaysia, pursuant to Section 116(6) of the Act. In accordance thereto, the Share Capital Reduction shall therefore take effect on 22 August 2025.

Further, the Company wishes to announce that the Share Consolidation has been completed following the listing of and quotation for 918,791,970 Consolidated Shares and 49,934,123 Consolidated Warrants A on the Main Market of Bursa Securities on 25 August 2025.

The Company will make the necessary announcement(s) regarding the development of the Regularisation Plan accordingly.

This announcement is dated 2 September 2025.