The Board of Directors of MMAG ("the Board") wishes to announce that the Company had on 13 June 2025 received a notice in writing dated 6 June 2025 given pursuant to Section 281 of the Companies Act 2016 ("the Act") from Messrs. Grant Thornton Malaysia PLT ("GTM") on their resignation as External Auditors of the Company. Pursuant to Section 281(2) of the Act, GTM's terms of office will end from 6 June 2025.

GTM were re-appointed as the External Auditors of the Company at the last annual general meeting ("AGM") of the Company held on 27 February 2025 to hold office until the conclusion of the next AGM of the Company. Their resignation was mutually agreed upon as both parties were not able to reach an agreement on proposed audit fees for the financial year ending 30 September 2025. The Board has also taken into account GTM's limitation on audit resources.

Save for the above, the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.

The Company has identified Messrs. Morison LC PLT as the new Auditor. However, their appointment would only be finalised upon the receiving their written consent to act as Auditors of the Company pursuant to Section 264(5) of the Act. 

Further announcement on the appointment of new Auditor will be made by the Company once the appointment of the Auditor has been finalised by the Board. 

This announcement is dated 13 June 2025.