The Board of Directors of Maxim Global Berhad ("the Company") wishes to announce thatthe resolutionas set out inthe Notice of the Extraordinary General Meeting (EGM) of the Company dated 6June2024wasduly passed by the shareholders at the EGM of the Company held today by way of poll voting.

The results of the poll were validated by Cygnus Technology Solutions Sdn. Bhd., the independent scrutineer appointed by the Company.

This announcement is dated 27June2024.

PROPOSED ACQUISITION BY MAXIM PELANGI SDN BHD (A 51% OWNED SUBSIDIARY OF MAXIM GLOBAL) OF A PARCEL OF FREEHOLD LAND HELD UNDER TITLE NO. GRN 38933, LOT NO. 16996, MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR DARUL TAKZIM ("SUBJECT LAND") FROM PELANGI SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF S P SETIA BERHAD) FOR A PURCHASE CONSIDERATION OF RM167.00 MILLION ("PURCHASE CONSIDERATION"), TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION")