Reference is made to the Company's announcement dated 30 March 2026, pertaining to the disposal of a Property in Canada, for a total consideration of CAD9,900,000 (equivalent to approximately US$7,148,000 or RM28,654,000).

The Company wishes to provide the following additional information:

(a)  Basis and justification for the consideration

The pricing was determined based on professional advice from our selling agent and prevailing market conditions. In October 2025, the Vendor revised the listing price to CAD11.8 million; however, no offers materialised during that period.

In view of the cessation of the Group's media operations in Canada and the recent geopolitical tensions in the Middle East, the Vendor subsequently reduced the price to CAD9.9 million in March 2026. Following this adjustment, several offers were received. After multiple rounds of arm's length negotiations, the Vendor reached agreement with the Purchaser on a final price of CAD9.9 million.

(b)  Name of Valuer

No valuation has been conducted on the Property.

(c)  Net Book Value based on the latest audited financial statements

The net book value of the Property as at 31 March 2025 was CAD1,109,000 (equivalent to approximately US$801,000 or RM3,210,000).

(d)   There were no encumbrances on the Property.

(For consistency, the abbreviations used throughout this announcement shall have the same meaning as defined in the announcement dated 30 March 2026.)

This Announcement is dated 31 March 2026.