29. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR AND SUBSEQUENT TO THE END OF THE REPORTING PERIOD i) Acquisition of Edu Paper and Stationery Sdn. Bhd. On 10 December 2024, the Company entered into a Share Sale Agreement (“SSA”) with a third party, namely Eduprint Solutions Sdn. Bhd. to acquire 60% equity interest in Edu Paper and Stationery Sdn. Bhd. for a cash consideration of RM2,580,000. Following the fulfilment of all conditions precedent, the acquisition was completed on 1 March 2025 and Edu Paper and Stationery Sdn. Bhd. became a subsidiary of the Company. ii) Joint Venture cum Shareholders’ Agreement with Agmo Capital Sdn. Bhd. On 18 October 2025, the Group’s subsidiaries, Sasbadi Online Sdn. Bhd. (“SOSB”) and Penerbitan Minda Sdn. Bhd. (“PMSB”), entered into a joint venture agreement with Agmo Capital Sdn. Bhd. (“ACSB”) to establish a joint venture company for the development and commercialisation of an artificial intelligence solution in the form of a local Large Language Model for the education sector, as well as other related services. On 17 November 2025, SOSB disposed 45% equity interest in PMSB to ACSB for a cash consideration of RM1. SASBADI HOLDINGS BERHAD Financial Statements (conঞ nued) 148
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