The Board of Directors of Sik Cheong (the "Board”) wishes to announce that the Company had received a notice in writing dated 21 February 2025 from Messrs UHY Malaysia PLT (“UHY Malaysia”) of their resignation as the Auditors of the Company pursuant to Section 281 of the Companies Act 2016 (the "Act”). The end of UHY Malaysia's term of office shall be twenty one (21) days from 21 February 2025 pursuant to Section 281(2) of the Act.

UHY Malaysia were re-appointed as the Auditors of the Company at the First Annual General Meeting (“AGM”) of the Company held on 17 July 2024 to hold office until the conclusion of the next AGM of the Company. Their resignation was on voluntary basis and based on mutual consent, as both parties were not able to reach an agreement on proposed audit fees for the financial year ending 31 March 2025.

Save for the above, the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.

The Board has approved the Audit and Risk Management Committee’s recommendation to appoint Messrs Morison LC PLT as the new Auditors of the Company after assessing their independence, capabilities, audit team and proposed audit fees for the financial year ending 31 March 2025 in place of UHY Malaysia, subject to the following:-

1. The end of UHY Malaysia’s term of office which is twenty one (21) days from 21 February 2025 pursuant to Section 281(2) of the Act; and
2. The Company receiving the written consent to act as Auditors of the Company from Messrs Morison LC PLT pursuant to Section 264(5) of the Act.

Further announcement will be made by the Company once the written consent to act as Auditors of the Company has been received.

This announcement is dated 24 February 2025.