On behalf of the Board of Directors of MPay, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:

(i) proposed issuance of 6,355,772 new ordinary shares in ManagePay Services Sdn Bhd (a wholly-owned subsidiary of MPay and its subsidiaries, whereby 94.27% equity interest is held directly by MPay and the remaining 5.73% equity interest is held by ManagePay Resources Sdn Bhd (a wholly-owned subsidiary of MPay)) ("MPSSB") (representing 20% enlarged equity interest in MPSSB) to Trustgate Berhad (a 20%-owned associate company of MPay) ("Trustgate") for a total consideration of RM12,000,000, to be satisfied entirely via the issuance of 333,333,333 new ordinary shares in Trustgate (representing 25% enlarged equity interest in Trustgate) to MPay ("Proposed Issuance");

(ii) proposed reduction of RM120,000,000 of the issued share capital of MPay pursuant to Section 117 of the Companies Act 2016 ("Act") ("Proposed Share Capital Reduction"); and

(iii) proposed private placement of up to 154,812,100 new ordinary shares in MPay ("Shares"), representing up to 10% of the total number of issued Shares (excluding treasury shares, if any) to third-party investor(s) at an issue price to be determined later, pursuant to Sections 75 and 76 of the Act ("Proposed Private Placement").

Please refer to the attachment for further details of the Proposals.

This announcement is dated 29 May 2026.