We refer to the Company's announcement made on 10 March 2026 ("Announcement") in relation to the freezing of certain bank accounts of the Group. The Company would like to provide additional information further to the Announcement.

The Company is currently unable to ascertain the full financial impact of the affected frozen bank accounts as the affected bank accounts remain under restriction and no further updates have been provided by the relevant authorities. However, the Group's operations have continued without significant disruptions as not all bank accounts are affected and the Group is able to utilise other available accounts for its operational requirements.

While there has been no material impact to-date, the Company acknowledges that a prolonged continuation of the restrictions may have an adverse effect on stakeholders' confidence and the Group's business environment. The Group is actively addressing the matter and remains committed to safeguarding its operational stability.

Upon becoming aware of the freezing of certain bank accounts, the Company had sought clarification from the relevant authorities. As no information was forthcoming, and based on the information available at the material time, the Company assessed that the matter did not have a material impact on the Group's operations, and therefore did not make an immediate announcement.

The decision to make a public announcement on 10 March 2026 was prompted by the article titled "NexG founder Abu Hanifah claims suspension linked to objections over technology outsourcing plan", which appeared in The Malaysian Reserve on 10 March 2026 under "Claims of corporate pressure and disruptions", and referred to the freezing of the Group's accounts. In view of this article, the Company considered it necessary to make the announcement to provide clarity to the investing public.

The Company will make further announcements as and when there are material developments.

This announcement is dated 17 March 2026.