The Board of Directors of the Company wishes to announce that TXB (the "Vendor") had on 30 September 2026 entered into a sale and purchase agreement ("SPA") with ZhengHe International Trade Import & Export (Shenzhen) Co., Ltd. ("ZhengHe" or the "Purchaser") (the Vendor and Purchaser collectively known as the "Party" or the "Parties") for the disposal of 45% equity in Chaswood Restaurant Management (Beijing) Co. Ltd. ("Chaswood") ("Sale Equity"), to ZhengHe for a total purchase consideration of RM7,000,000-00, subject to the terms and conditions stipulated in the SPA.

Further details of the Proposed Disposal are set out in the ensuing sections of this announcement.

This announcement is dated 2 October 2026.