Pursuant to Rule 9.19(15) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Sedania ("Board") wishes to announce that the Company had received a notice in writing dated 22 December 2023 from Messrs. BDO PLT (“BDO”) of their resignation as External Auditors of the Company with effect from 12 January 2024 pursuant to Section 281 of the Companies Act 2016 (“CA 2016”).

BDO was re-appointed as the External Auditors of the Company at the Ninth Annual General Meeting ("AGM") of the Company held on 24 May 2023 to hold office until the conclusion of the next AGM of the Company.

As part of initiatives to maintain high standards of corporate governance, the Board is of the view that it is timely to effect a change of external auditors since BDO has been the External Auditors of the Company for the past nine (9) years. It is widely acknowledged that a rotation of auditors after an appropriate period is a sound corporate practice. The Board believes that such rotation would also enable the Company to benefit from fresh perspectives and views of another professional audit firm and hence, would enhance the value of the audit and audit deliverables of the Company, moving forward. The resignation of BDO is based on mutual consent of both parties.

Save for the above, the Board wishes to inform that the Company is not aware of any other matters that may be required to be brought to the attention of the shareholders of Sedania.

Management of Sedania has commenced the process of identifying new external auditors in place of BDO and shall make the relevant announcement in due course.

This announcement is dated 26 December 2023.