On behalf of the Board of Directors of Nestcon ("Board"), Apex Securities Berhad ("Apex Securities") wishes to announce that the Company proposes to undertake the following:

(i) proposed acquisition by Nestcon Iskandar Puteri Sdn. Bhd. ("Nestcon Iskandar" or "Purchaser"), an indirect 70%-owned subsidiary of Nestcon, of 3 parcels of land all located in Mukim Pulai, Daerah Johor Bahru, Johor Darul Ta'zim, with a total land area of approximately 33,782.284 square metre from KLG Iskandar Puteri Sdn. Bhd. ("KLG Iskandar" or "Vendor") for a total purchase consideration of RM95.00 million ("Proposed Acquisition"); and

(ii) proposed diversification of the existing business of Nestcon and its subsidiaries ("Nestcon Group" or "Group") to include property development ("Proposed Diversification").

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

This announcement is dated 10 April 2026.