On behalf of the Board of Directors of NCT, Maybank Investment Bank Berhad wishes to announce that the Company had, on 21 August 2025, entered into a conditional share sale agreement (“SSA”) with Dato’ Sri Yap Ngan Choy and Dato’ Yap Fook Choy (collectively, “Vendors”) for the proposed acquisition of 100 ordinary shares in NCT World Sdn Bhd (“NCT World”), representing the entire equity interest of NCT World, for a purchase consideration of up to RM490.26 million (“Purchase Consideration”), to be satisfied via the issuance and allotment of up to 104,166,667 new ordinary shares in NCT (“Consideration Shares”) at an issue price of RM0.48 per Consideration Share and 917,201,496 new Redeemable Convertible Preference Shares in NCT (“RCPS”) (“Consideration RCPS”) at an issue price of RM0.48 per Consideration RCPS (“Proposed Acquisition”).

The Company is also proposing to amend its Constitution to facilitate the issuance and allotment of the RCPS pursuant to the Proposed Acquisition (“Proposed Amendments”).

(The Proposed Acquisition and Proposed Amendments are collectively referred to as “Proposals”).

Please refer to the attachment for further details on the Proposals.

This announcement is dated 21 August 2025.