Reference is made to the Company’s announcements dated 20 September 2024, 19 November 2024 and 19 February 2025 in relation to the Memorandum of Understanding entered into by the Company, Lee Show Kien @ Herman Lee Show Kien and Melvin Lee Ying. Further to this, the Board of Directors of NCT (“Board”) wishes to announce that its wholly-owned subsidiary, NCT Panorama Sdn Bhd (“NCT Panorama” or the “Purchaser”), had on 19 March 2025 entered into a conditional Sale of Shares Agreement (“SSA”) with Lee Show Kien @ Herman Lee Show Kien and Melvin Lee Ying (“collectively referred to as the “Vendors”) for the acquisition of 1,785,000 ordinary shares in Setara Juara Sdn Bhd (“SJSB” or the “Target Company”) (“Sale Shares”), representing 51% equity interest in SJSB for a total purchase consideration of RM22.0 million which will be satisfied through a combination of cash amounting to RM8.8 million and the remaining by way of contra parcels amounting to RM13.2 million (“Purchase Consideration”).

(NCT Panorama and the Vendors are collectively referred to as the “Parties”)

Pursuant to the SSA, the Parties and SJSB, had on 19 March 2025, entered into a Shareholders’ Agreement (“SHA”) to regulate the relationship of the Parties in respect of SJSB.

Please refer to the attachment for the details of the Proposed Acquisition.

This announcement is dated 19 March 2025.