We wish to announce that E&O-C22 had expired at 9.00 a.m. on 13 July 2026 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of E&O-C22 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of E&O-C22 exercised x (1/1) x (RM0.7206 - RM1.1800) 
= Number of E&O-C22 exercised x RM0.0000 

The Closing Price of RM0.7206 is the average daily volume weighted average price (VWAP) of the ordinary shares of E&O on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The E&O-C22 is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised E&O-C22 will cease to be valid and all our obligations in respect to E&O-C22 shall terminate absolutely.

This announcement is dated 13 July 2026.