Unless otherwise stated, the information set out in this announcement is updated to 27 November 2024, being the latest practicable date prior to the date of this announcement (“LPD”)

On behalf of the Board of Directors of Panda (“Board”), M & A Securities Sdn Bhd (“M&A Securities”) is pleased to announce that the Company had on 28 November 2024 entered into a conditional share sale agreement with Yeow Cheng Hock, Ho Soo Cherng, Ding Chew Keat and Cheok Kian Hing (collectively referred as “Vendors”) (“SSA”) for the:

(a) proposed acquisition by Panda of 100,000 ordinary shares in GSSB (“GSSB Sale Shares”), representing the entire equity interest in GSSB from the Vendors; and

(b) proposed acquisition by Panda of 50,000 ordinary shares in DOTSB (“DOTSB Sale Shares”), representing the entire equity interest in DOTSB from the Vendors,

for a total purchase consideration of RM17.1 million (“Purchase Consideration”) (collectively referred to as “Proposed Acquisitions”).

Kindly refer to the attachment for further details on the Proposed Acquisitions.

This announcement is dated 29 November 2024.