1.            Introduction

The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company's wholly-owned subsidiary, Sasbadi Sdn Bhd ("SSB"), has today signed and accepted a Letter of Acceptance from the MoE for the provision of English language proficiency testing services for English option teachers attending the Professional Up-Skilling of English Language Teachers (PRO-ELT) Enhance Programme for the year 2026, at a contract value of RM315,000.00 ("Contract").

The Contract is for the period from 5 August 2026 to 4 December 2026.

2.            Financial Effects

SSB is expected to deliver the Contract from the first quarter of the financial year ending 31 August 2027. Accordingly, the Contract is expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2027.

3.            Risk Factors

The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract. The Company will take the necessary steps to mitigate such risks as and when they arise.

4.            Directors' and/or Major Shareholders' Interest

None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the Contract.

5.            Directors' Statement

The Board of Directors of Sasbadi Holdings is of the opinion that the Contract is in the ordinary course of business and in the best interest of the Company.

This announcement is dated 29 July 2026.