Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of YNHP wishes to announce that the Company's External Auditors, Morison LC PLT had expressed qualified opinion in the Company's Audited Financial Statements for the financial year ended 30 June 2025.

A. QUALIFIED OPINION

The Auditors had provided the following opinion in the Auditors' Report:-

"In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion section of our report, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 30 June 2025, and of their financial performance and their cash flows for the year then ended in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 2016 in Malaysia."

Please refer to Appendix 1 as enclosed for the details of the qualified opinion.

B. STEPS TAKEN OR PROPOSED TO BE TAKEN TO ADDRESS THE KEY AUDIT MATTERS THAT RELATED TO THE QUALIFIED OPINION

1. Implementation of Enhanced Governance Framework

(i) A dedicated Investment Committee, comprising independent and non-executive directors, was formally constituted to evaluate all new and ongoing JV and turnkey proposals before Board approval.
(ii) The Group has rectified and re-approved historical JV and turnkey agreements on 19 September 2024, ensuring all contractual terms are transparent and Board-endorsed.
(iii) Clear authority limits and payment-approval matrices are being embedded group-wide to prevent any ambiguity in future transactions.

2. Active Regulatory Cooperation

The Group continues to fully cooperate with all relevant authorities in respect of their ongoing inquiries and has provided comprehensive documentation and clarifications to facilitate closure of the matter.

3. Forward Plan

Management remains committed to continuous governance strengthening, documentation enhancement, and transparent engagement with auditors and regulators to progressively narrow the scope of the qualification.

C. TIMELINE

This announcement is dated 31 October 2025.