The Board of Directors of WidadGroup Berhad("the Company") wishes to announce that the resolutionset out in the Notice of ExtraordinaryGeneral Meeting ("EGM") dated 25September2020which were tabled at the EGM of the Company held today, 15October2020 were duly passed.

The resolutionwas voted by poll in accordance with Rule 8.29A of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad. The resultof the poll was validated byCygnus IT Solutions PLT, the Independent Scrutineers appointed by the Company.

PROPOSED ACQUISITION BY INNOVATIVE CITY HOLDINGS SDN BHD ("ICHSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF WIDAD, OF 100% EQUITY INTEREST IN INOVATIF MEWAH SDN BHD ("IMSB") FROM MENANG DEVELOPMENT (M) SDN BHD ("MDSB"), MENANG INDUSTRIES (M) SDN BHD ("MISB") AND TENTU SELESA SDN BHD ("TSSB") (COLLECTIVELY REFERRED TO AS THE "VENDORS") FOR A TOTAL CASH CONSIDERATION OF RM122,000,000 ("PROPOSED ACQUISITION")