The Board of Directors of SWS Capital Berhad (“Board”) wishes to inform that, as part of the Group’s business rationalisation and right-sizing efforts, the Group’s Furniture Division will cease its operations. The Furniture Division is currently operated through the following direct and indirect wholly-owned subsidiaries:

•             Poh Keong Industries Sdn. Bhd. (“PKI”);

•             U.D. Panelform Sdn. Bhd. (“UDP”);

•             Syarikat U.D. Trading Sdn. Bhd. (“UDT”); and

•             U.D. Wood Products Sdn. Bhd. (“UDW”)

The Group is in the process of disposing of the operating assets of the Furniture Division, and the cessation of operations is expected to be completed by September 2025.

The Board of SWS Capital Berhad is of the opinion that this rationalisation aligns with the long-term interests of the Group, taking into consideration that the Furniture Division operates in a very competitive environment and that the decision to cease operations was made based on past financial performance and future business prospects.

The Board will make the necessary announcement, for any further development, if required.

This announcement is dated 22 August 2025.                                   .