On behalf of the Board of Directors of Binastra (“Board”), Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that that the Company had on 24 April 2025, entered into the following agreements:

1. a conditional share sale and option agreement with one of the existing shareholders of LF Lansen Sdn Bhd (“LF Lansen”), namely Pee Chen Huan (“PCH”), for the proposed acquisition of 92,000 existing ordinary shares in LF Lansen (“LF Shares”) (“Sale Shares”), representing 6.0% of the enlarged issued share capital of LF Lansen after the completion of the Proposed Subscription (as defined below), by Binastra for a cash consideration of RM2,206,160 or RM23.98 per Sale Share (“Proposed Acquisition”); and
2. a conditional subscription agreement with LF Lansen and PCH for the proposed subscription of 533,800 new LF Shares (“Subscription Shares”), representing 34.80% of the enlarged issued share capital of LF Lansen after the completion of the Proposed Subscription, by Binastra for a cash subscription consideration of RM12,800,524 or RM23.98 per Subscription Share (“Proposed Subscription”).

(The Proposed Acquisition and the Proposed Subscription are collectively referred to as “Proposed Investments”)

Please refer to the attachment for further details on the Proposed Investments.

This announcement is dated 24 April 2025.