On behalf of the Board of Directors of Minox ("Board"), UOB Kay Hian (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-

1. an acquisition of 300,000 ordinary shares in Pembinaan Dragon Point Sdn Bhd ("PDP") ("Sale Share(s)"), representing a 100% equity interest in PDP, from Jason Koh Jian Hui and Koh Kun Chuan (collectively referred to as the "Vendors") for a total purchase consideration of RM15.00 million ("Purchase Consideration"), to be satisfied through a combination of RM6.72 million in cash and RM8.28 million via the issuance of 36,000,000 new ordinary shares in Minox ("Minox Share(s)" or "Share(s)") ("Consideration Share(s)") at an issue price of RM0.23 per Consideration Share ("Proposed Acquisition"); and

    

2. the proposed diversification of the existing business of Minox and its subsidiaries ("Minox Group" or the "Group") to include the property development business ("Property Development Business") ("Proposed Diversification").

The Proposed Acquisition and Proposed Diversification are collectively referred to as the "Proposals".

Further details of the Proposals are set out in the announcement enclosed.

This announcement is dated 21 August 2026.