We refer to the earlier announcements dated 13 August 2024, 30 September 2024, 8 October 2024, 30 September 2025 and 18 March 2026 in relation to the Proposed Transfer Listing. Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcements ("Announcements").

Reference is made to the Announcements.

On behalf of the Board, M&A Securities wishes to announce that the Securities Commission Malaysia had vide its letter dated 18 March 2026, received on 19 March 2026, resolved to approve the Company's resultant equity structure pursuant to the Proposed ACE Listing under the Bumiputera equity requirement for public listed companies, subject to the following conditions:

(a)  Enest allocating shares equivalent to 12.5% of its enlarged number of issued shares upon listing to Bumiputera investors to be approved by the Ministry of Investment, Trade and Industry; and

(b)  Enest to make available at least 50% of the shares offered to the Malaysian public investors via balloting to Bumiputera public investors.

This announcement is dated 19 March 2026.