Reference is made to the Company's announcement on 12 June 2024 in relation to the appointment of Messrs. UHY as the special independent reviewer to conduct an independent assessment and subsequent announcements on 6 November 2024, 13 December 2024 and 27 January 2025 respectively in relation to the revised timeline on the completion and issuance of the independent assessment report.

The Company wishes to update that Messrs. UHY has issued the draft SIR report, which is currently under review and verification by the Audit Committee. This process ensures the accuracy and completeness of the findings before the report is formally presented to the Board of Directors for deliberation and approval.

Barring any unforeseen circumstances, the Company expects the final SIR report to be completed and issued by 17 March 2025.

The Company is closely monitoring the progress and shall release further announcement if there are any significant developments.

This announcement is dated 17 February 2025.