Reference is made to the announcements dated 11 March 2026 and 13 March 2026 in respect of the aforesaid matter. ("Announcements")

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

The Board wishes to provide clarification and further information on the Announcements:

1. Basis of arriving at or determining the consideration of either RM117,808,020 or RM45 per square foot.

The consideration was based on a direct negotiation between the buyer and the seller using a methodology that is not based on historical industrial land transaction comparable in the area. Rather, it was negotiated taking into consideration the availability of electricity, water, gas, sunlight (for potential solar generation) and land infrastructure, which is highly valuable to energy and water intensive manufacturers/users.

The consideration is within the acceptable range based on ANNJOO's internal assessment and no valuation was carried out on the Land.

2. Justification for the consideration of RM117,808,020 or RM45 per square foot

Same as the answer above.

This announcement is dated 19 March 2026.