INTRODUCTION

The Board of Directors of Agmo wishes to announce that Agmo Studio Sdn. Bhd.("Defendant"), a wholly-owned subsidiary of the Company, had on 23 April 2026 received a Writ of Summons (Civil Suit No. WA-22NCvC-204-04/2026) and Statement of Claim, both dated 22 April 2026 ("Civil Suit"), from Zitron Enterprise (M) Sdn. Bhd. ("Plaintiff") through their solicitors, Messrs. Adnan Sundra & Low, at Kuala Lumpur High Court ("Court"). The legal proceedings concern the development of a customised Enterprise Resource Planning System ("ERP System") to replace its existing ERP system and migrate to the new ERP System in order to improve the existing system's functionalities and its business capabilities ("Project").

DETAILS OF CIRCUMSTANCES LEADING TO THE LEGAL PROCEEDINGS

The Plaintiff alleged that the Defendant:

1. failed to deliver the Project on time;

2. failed to develop the ERP System according to the terms of the Digital Strategy & Infrastructure Proposal for Modern ERP Solution;

3. subcontracted the Project without authorisation to a third-party company; and

4. wrongfully terminated the Project.

The Plaintiff therefore is now claiming the following declarations and orders through the Writ of Summons and Statement of Claim:

1. damages for all losses arising from the breaches, being:-

   1. the total amount paid of RM505,400.00;

   2. the total ERP monthly subscription of RM83,883.60 for the period calculated from 01.06.2024 to the date of judgment;

   3. the manpower cost and time spent by the Plaintiff for the execution of this Project calculated at a man day rate of RM1,500.00 and amounting to RM908,250.00;

2. interest on the judgment sum at the rate of 5% per annum from the date of the filing of this action to the date of judgment;

3. interest on the judgment sum at the rate of 5% per annum from the date of judgment to the date of full and final settlement;

4. further and/or alternatively, general damages for breach of contract and misrepresentation to be assessed by the Court;

5. interest at the rate of 5% per annum or any other interest rate as deemed appropriate by the Court on the sum awarded for general damages from the date of filing of this action until full and final settlement;

6. Defendant to return and/or destroy all data and information received from the Plaintiff for the purpose of executing the Project and provide proof of the same in the form of a Statutory Declaration to the Plaintiff;

7. costs; and

8. such further and/or other reliefs or direction as the Court deems fit and proper.

FINANCIAL AND OPERATIONAL IMPACT ON THE COMPANY

Pending the outcome of the legal proceedings, this Civil Suit is not expected to have any immediate material financial and operational impact on the Company for the financial year ending 31 March 2027.

STEPS TAKEN AND/OR PROPOSED STEPS TO BE TAKEN IN RESPECT OF THE WRIT OF SUMMONS AND STATEMENT OF CLAIM

The Company has sought legal advice on this Civil Suit. The first Case Management date has been fixed on 20 May 2026 via e-Review.

Further announcement will be made to Bursa Malaysia Securities Berhad as and when there are material developments in relation thereof and/or upon receipt of any further directions by the Court.

This announcement is dated 23 April 2026.