At the Annual General Meeting ("AGM") held on 29 May 2025, approval was obtained from shareholders of the Company for the Company and its subsidiaries to enter into RRPTs. The authority obtained for the RRPTs shall continue to be in force (unless revoked or varied by the Company in a general meeting) until,

(i) the conclusion of the next AGM of the Company in 2026 (and will be subject to annual renewal) at which time it will lapse, unless by a resolution passed at that meeting , the authority is renewed;

(ii) the expiration of the period within which the next AGM of the Company after the date it is required to be held pursuant to Section 340(2) of the Companies Act 2016 ("Act") (but shall not extend to such extension as may be allowed pursuant to Section 340(4) of the Act; or

(iii) revoked or varied by resolution passed by the shareholders in an AGM or Extraordinary General Meeting,

whichever is the earliest.

The Board of Directors of the Company wishes to announce that the Company proposes to seek the approval of its shareholders for the proposed renewal of the shareholders' mandate for the Company and its subsidiaries to enter into RRPTs with a Related Party, Seong Thye Plantations Sdn Bhd at the forthcoming AGM, the date of which will be determined later.

A circular to shareholders of the Company which set out the details of the proposed renewal of RRPTs will be issued in due course.