Reference is made to MCE HOLDINGS BERHAD ("MCE" or "the Company") announcements dated 12 March 2025 (Reference No. GA1-11032025-00041) and 4 April 2025.

MCE Ventures Sdn. Bhd. ("MVSB"), a wholly-owned subsidiary of the Company and Sounding Industries Ltd (Company Registration No. 13001926) ("SIL") had establish a joint venture company known as Eagle MCE Technologies (Malaysia) Sdn. Bhd. [Registration No. 202501014198 (1615612-M)] ("Eagle MCE"). MVSB and SIL each holds 50% each of the equity interest in Eagle MCE as per the terms and conditions stipulated in Joint Venture cum Shareholders Agreement dated 12 March 2025 ("JVSA").

Eagle MCE's present issued and paid up share capital comprise of 2,500,000 ordinary shares with MVSB and SIL each holding 50%.

The Board of MCE wishes to announce that on 19 May 2026 both MVSB and SIL has executed a Consent to Revision of the Equity Holding in Eagle MCE whereby both parties have confirmed their full consent agreement that the equity holding of Eagle MCE be revised as follows:

Simultaneously, with the revision in equity, the issued and paid up capital of Eagle MCE has been increased from 2,500,000 ordinary shares to 4,400,000 ordinary shares by the issue and allotment of 1,900,000 ordinary shares at an issue price of RM1.00 per share.

The increase in the issued and paid up share capital is to raise funds for working capital.

Eagle MCE's shareholding and equity structure following the revision and increase in share capital is as follow :           

Eagle MCE will become an indirect 51% owned subsidiary of the Company.

The revision of the equity in Eagle MCE is made and agreed for the purpose of maintaining the Malaysian status of Eagle MCE.

Save for the above, all other terms and conditions of the JVSA remain unchanged and continue in full force and effect.

The change in equity participation does not have any material impact on the Group's earnings per share, net assets, or gearing for the financial year ending 31 July 2026.

This announcement is dated 19 May 2026.