The Board of Directors of Astral Asia Berhad ("AAB" or "the Company") refers to the earlier announcement made 9 October 2026 in relation to the Memorandum of Understanding ("MOU") entered into between the Company's subsidiary, Astral Asia Plantation Sdn. Bhd. ("AAP"), and HNG Capital Sdn. Bhd. ("HNG Capital") for the sale of lands located at Kuantan Hi-Tech Park for solar farm and green energy industry development, for an indicative consideration of RM233.57 million.

RECEIPT OF INTERIM DEPOSIT

The Board is pleased to announce that the stakeholders have received the interim deposit of received the interim deposit of RM2,335,680.00 (equivalent to 1% of the total indicative purchase consideration of RM233,568,000.00) from HNG Capital within the stipulated timeframe in accordance with the terms of the MOU.

STATUS OF THE PROPOSED TRANSACTION

Following the receipt of the interim deposit, HNG Capital will proceed with the exclusivity period to conduct the necessary technical, legal, and financial due diligence on the subject land as stipulated under the terms and conditions of the MOU.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors, major shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the receipt of the interim deposit or the proposed transaction, save as previously disclosed.

DOCUMENT FOR INSPECTION

The MOU and relevant bank confirmation/receipt advice are available for inspection at the registered office of the Company during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 12 October 2026.