Reference is made to the Company’s earlier announcements made in relation to the Company being classified as an affected listed issuer pursuant to PN17 of Listing Requirements.

(Unless otherwise defined, the abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the earlier announcements released to Bursa Securities)

The Board of Directors of Ivory wishes to announce that, after due consideration of all facts and circumstances of the Appeal , Bursa Securities had vide its letter dated 9 October 2025 decided to: -

1. Dismiss the Company's appeal for a further extension of time until 25 July 2026 to finalise and submit the regularisation plan to the relevant authorities for approval: and

2. De-list the securities of the Company from the Official List of Bursa Securities pursuant to Paragraph 8.04 of the Main Market Listing Requirements ("Main LR").

In the circumstances, please be informed that the securities of the Company will be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date of Bursa Securities' letter, i.e. on 14 October 2025.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn. Bhd. (Bursa Depository), the securities will be withdrawn from Bursa Depository by the Company upon the de-listing of the securities from the Official List of Bursa Securities. The Company will continue to update and maintain the shareholders’ information in their Register. 

Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities. The interests and rights of the shareholders will remain safeguarded under the Companies Act 2016.   

This announcement dated 10 October 2025.