15 June 2026
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION BY NESTCON ISKANDAR PUTERI SDN. BHD., AN INDIRECT 70%-OWNED SUBSIDIARY OF NESTCON, OF 3 PARCELS OF LAND 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. FOR A TOTAL CASH CONSIDERATION OF RM95.00 MILLION ("PROPOSED ACQUISITION"); AND (II) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF NESTCON AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT ("PROPOSED DIVERSIFICATION") (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")