The Board of Directors of Teo Seng Capital Berhad ("Teo Seng") is pleased to announce that the resolutionset out in the Notice of Extraordinary General Meeting ("EGM") dated 12 November2024 wasduly passed at the EGM of Teo Seng held earlier today. The resolutionwasapproved by way of poll at the EGM. The resultsof the poll werevalidated by Mk Advisory Management, the independent scrutineer appointed by Teo Seng. The details of the poll results areset out in the attachment.

Proposed bonus issue of 300,008,175 new ordinary shares in Teo Seng Capital Berhad ("TSCB Shares") ("Bonus Shares") on the basis of 1 Bonus Share for every 1 existing TSCB Share held on an entitlement date to be determined and announced later