Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 11 August 2025 in relation to the HOA.

The Board of ES Sunlogy wishes to announce the additional information in relation to the HOA as required by Bursa Malaysia Securities Berhad (“Bursa Securities”) via its letter (Reference Number: IQL-12082025-00001), as follows:

1. The source(s) of funds for financing the investment in the joint venture by ES Sunlogy and the breakdown thereof. 
   
   For Bursa Securities’ information ES Sunlogy intends to fund the investment via a combination of bank borrowings and internally generated funds, in a proposed ratio of 80:20. ES Sunlogy is currently in close discussions with two banking institutions to secure the necessary financing facilities for the investment in the joint venture.

2. The estimated total cost of the Project. 
   
   The estimated total cost of the Project is RM488.18 million.

3. Expected commencement and completion date of the Project. 
   
   The pre-development period is estimated to be not later than 18 months from the date of the Heads of Agreement (“HOA”), which was executed on 11 August 2025. Project commencement is expected to take place following the pre-development phase, with targeted completion no later than the end of 2027. For avoidance of doubt, the HOA serves as a memorandum of understanding and does not constitute the final joint venture agreement. The definitive joint venture agreement is expected to be negotiated and executed within the 18-month pre-development period.

4. The source(s) of funds by ES Sunlogy in the event of any funding shortfall or where cash equity is required beyond bank loans for the Project, and the breakdown thereof. 
   
   In the event of a funding shortfall or where additional cash equity is required beyond bank loans for the Project, ES Sunlogy intends to meet such fundings requirements via equity fundings. This may involve the issuance of new shares to interested investors, subject to prevailing market conditions and approvals from Bursa Securities, shareholders and relevant authorities (if relevant), through a private placement exercise of up to 30.0% of its enlarged share capital. The Company will assess the appropriate funding structure at the relevant time to ensure optimal capital management and to support the timely execution of the Project.

This announcement is dated 13 August 2025.

Remarks:

M & A Securities Sdn Bhd (“M&A”), being the Sponsor, was responsible for the admission of ES Sunlogy to the ACE Market of Bursa Securities on 20 February 2025. M&A assumes no responsibility for the contents of this announcement.