Further to the Company's announcements made on 9 March 2023, 31 May 2023 and 25 August 2023 pertaining to the MOU entered between LKL International Berhad and Serv Medical for the purpose of selling, marketing, promoting Serv Medical?s medical products or services through LKL?s network or channels in Malaysia under a license or distribution arrangement and to source and identify customers for purchasing Serv Medical?s medical products or services in Malaysia. The Board of Directors of LKL announced that, following the expiry of the MOU and with no agreement to extend it, the MOU has lapsed and is deemed terminated with immediate effect. The Termination is not expected to have any material impact on the earnings, net assets, gearing, share capital and substantial shareholders?

shareholding of the Company for the financial year ending 31 December 2023. The Termination is not subject to the approval of the Company?s shareholders and/or any regulatory authorities. None of the Directors, major shareholders and/or persons connected with them has any interest, whether direct or indirect, in the Termination.

The Board, having taken into consideration all aspects of the Termination, is of the opinion that the Termination is made in the best interests of the Company. This announcement is dated 27 November 2023.