On behalf of the Board of Directors of Lagenda Properties Berhad ("Board"), CGS International Securities Malaysia Sdn Bhd ("CGS MY") wishes to announce that the Company had, on 14 July 2026, entered into a conditional share sale agreement ("SSA") with Epicon Berhad ("Epicon") for an aggregate purchase consideration of RM543.16 million comprising:-

(i) proposed disposal of 600,000 ordinary shares in Rantau Urusan (M) Sdn Bhd ("RUSB") ("RUSB Shares") ("RUSB Sale Shares"), representing 60% equity interest in RUSB, to Epicon for a total purchase consideration of RM280.15 million ("Proposed RUSB Disposal"); and

(ii) proposed disposal of 450,000 ordinary shares in LPB Construction Sdn Bhd ("LPBC") ("LPBC Shares") ("LPBC Sale Shares"), representing 60% equity interest in LPBC, to Epicon for a total purchase consideration of RM263.01 million ("Proposed LPBC Disposal"),

to be satisfied in the manner set out in the announcement.

Furthermore, in accordance with the terms and conditions of the SSA, Lagenda has agreed to grant Epicon an irrevocable right to purchase the remaining 400,000 RUSB Shares and 300,000 LPBC Shares (collectively, the "Remaining Sale Shares") representing up to 40% equity interest in RUSB and LPBC (collectively "Target Companies") held by the Company ("Call Option"), for a purchase consideration of up to RM362.10 million ("Option Consideration") ("Proposed Call Option").

The Proposed Disposals and the Proposed Call Option are collectively referred to as the "Proposals".

Please refer to the attached file for further details of the Proposals.