1.         Introduction

The Board of Directors of Sasbadi Holdings is pleased to announce that the Company's wholly-owned subsidiary, Sasbadi Sdn Bhd ("SSB"), has today signed and accepted a Letter of Acceptance from the MoE to edit, print and supply textbooks for vocational subjects to schools under the MoE for Year 2026 - Package 1, with an estimated contract value of RM341,530.00 ("Contract").

The Contract is for the period from 04 May 2026 to 03 May 2027.

2.         Financial Effects

SSB is expected to deliver the Contract in the fourth quarter of the financial year ending 31 August 2026. Accordingly, the Contract is expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2026 and throughout the duration of the Contract.

3.         Risk Factors

The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract. The Company will take the necessary steps to mitigate such risks as and when they arise.

4.         Directors' and/or Major Shareholders' Interest

None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the Contract.

5.         Directors' Statement

The Board of Directors of Sasbadi Holdings is of the opinion that the Contract is in the ordinary course of business and in the best interests of the Company.

This announcement is dated 30 April 2026.