The Board of Directors of Comintel Corporation Bhd ("Company") (“Board”) wishes to announce that the Company had on 3 October 2023 received a notice in writing from RSM Malaysia PLT (“RSM”) dated 3 October 2023 resigning as Auditors of the Company and its subsidiary, Binastra Builders Sdn. Bhd. (formerly known as Total Package Work Sdn. Bhd. (“BBSB”).

Pursuant to Section 281(2) of the Companies Act 2016 (“Act”), RSM's term of office will end after twenty-one (21) days from 3 October 2023. The Board shall appoint an auditor to fill casual vacancy in the office of the auditors created by the out-going auditors, RSM after the lapse of the said 21 days.

The Board wishes to inform that the resignation of RSM as the Auditors of the Company and BBSB is based on mutual consent of both parties following the Board’s decision to change the auditors of the Company so that the Board could gain fresh perspectives and views from new auditors in line with the Board’s initiatives where it constantly looking at various aspects of its business units and service providers in order to better enhance shareholders’ value.

Save for the above, the Board is not aware of any matter that need to be brought to the attention of the shareholders of the Company.

The Board has identified new auditors for replacement of the out-going auditors, RSM and would make the necessary announcement on the appointment of the new auditors after receiving their letter of consent to act as auditors of the Company and BBSB.

This announcement is dated 4 October 2023.