Bursa Announcements

On behalf of the Board of Directors of MBGB ("Board"), Malacca Securities Sdn Bhd ("Malacca Securities") wishes to announce that the Company (as the Purchaser) had on 20 May 2026 entered into a share sale agreement with Teo Hin Wee ("THW" or the "Vendor") to acquire 1,400,000 ordinary shares in TIESB ("Sale Shares"), representing 70.0% of the issued share capital of TIESB, for a purchase consideration of RM9,292,500 ("Purchase Consideration") ("SSA"), which shall be satisfied via cash consideration of RM1,000,000 and issuance of 51,828,125 new ordinary shares in MBGB ("MBGB Shares" or the "Shares") ("Consideration Shares") at an issue price of RM0.16 per Consideration Share, subject to the terms and conditions of the SSA.

Further details in relation to the Proposed Acquisition are set out in the attachment below.

This announcement is dated 20 May 2026.