On behalf of the Board of Directors of SkyGate (“Board”), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) (“UOBKH”) wishes to announce that on 11 July 2025 the Company entered into a share sale agreement with Ong Chee Fui (“OCF”) for the acquisition of 219,999 ordinary shares in SkyGate Integration (formerly known as Leader Range Technology Sdn Bhd) representing 44% equity interest in SkyGate Integration, for a purchase consideration of approximately RM9.80 million (“Purchase Consideration”). The Purchase Considerations shall be satisfied entirely via the issuance and allotment of 14,633,081 new ordinary shares in SkyGate (“SkyGate Share(s)”) (“Consideration Shares”) at an issue price of RM0.67 per new SkyGate Share (“Issue Price”) (“SSA”).

Reference is made to the announcement dated 15 April 2025 on Bursa Securities Malaysia Berhad, wherein SkyGate announced an acquisition of 51% equity interest in SkyGate Integration for a purchase consideration of approximately RM10.71 million to be satisfied via cash (“51% Acquisition”).

Pursuant to the 51% Acquisition, SkyGate Integration owed approximately RM1.08 million to OCF (“OCF Loan”), which represented the partial settlement of an advance from Kumpulan Modal Perdana Sdn Bhd (“KMP”) to SkyGate Integration. As part of the Proposed Acquisition, SkyGate shall settle the OCF Loan via the issuance and allotment of 1,611,440 new SkyGate Shares (“OCF Loan Shares”) at the Issue Price.

The Consideration Shares and OCF Loan Shares will be issued in accordance with the Company’s general mandate which authorises the Board to issue and allot SkyGate Shares for such purposes that they deem fit (“General Mandate”). The Company obtained approval from shareholders for the General Mandate at its 19th Annual General Meeting convened on 16 June 2025.

Further details of the Proposed Acquisition are set out in the attachment enclosed.

This announcement is dated 11 July 2025.