Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 3 February 2025 in relation to the Lease Agreement dated 31 January 2025 ("Lease Agreement") entered between Maxland Kool Sdn. Bhd., the indirect wholly-owned subsidiary of Maxland ("Maxland Kool or the Lessee") and Kulim Technology Park Corporation Sdn. Bhd. ("KTPC or the Lessor").

The Board of Directors of Maxland wishes to announce that Maxland Kool, on 14 May 2026, entered into a Deed of Revocation ("Deed") with KTPC to mutually revoke and rescind the Lease Agreement dated 31 January 2025 for the lease of part of the Land measuring approximately 4.854 acres, equivalent to 211,440.24 square feet ("the Lease Land") in Kulim Hi-Tech Park, Kedah. Following a review of the Group's investment plans, the Lessee determined that the land was no longer aligned with its current development strategy.

Please refer to the attachment below for the full details.

This announcement is dated 14 May 2026.