TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WTEC GROUP BERHAD ("WTEC GROUP" OR "THE COMPANY") - TERMINATION OF LETTER OF INTENT ENTERED INTO BY WTEC SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, WITH ONE LUNAR SDN. BHD. FOR THE PROPOSED ACQUISITION OF A PROPERTY

WTEC GROUP BERHAD
TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
DescriptionWTEC GROUP BERHAD ("WTEC GROUP" OR "THE COMPANY") - TERMINATION OF LETTER OF INTENT ENTERED INTO BY WTEC SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, WITH ONE LUNAR SDN. BHD. FOR THE PROPOSED ACQUISITION OF A PROPERTY

We refer to the announcement on 20 June 2025. Unless otherwise stated, terms used in this announcement shall have the same meanings as set out in the earlier announcement. The Board of Directors of WTEC Group wishes to announce that WTEC had on 29 August 2025 issued Notice of Termination of the Letter of Intent to One Lunar for the Proposed Acquisition. The termination was made on the basis that the Pre-Conditions of the Letter of Intent were not fulfilled. The Earnest Deposit paid by the WTEC will be refunded accordingly. Following the refund, the Letter of Intent shall be deemed null, void and has no further effect.

This announcement is dated 29 August 2025.

Announcement Info
Company NameWTEC GROUP BERHAD
Stock NameWTEC
Date Announced29 Aug 2025
CategoryGeneral Announcement for PLC
Reference NumberGA1-29082025-00081

Teresa Tan Siew Kuan

Madam Teresa Tan Siew Kuan holds a Bachelor of Economics from the University of Adelaide, Australia, and is a member of the Malaysian Institute of Accountants as well as a Fellow of Certified Practising Accountants, Australia (FCPA).

She brings over 30 years of experience across audit, taxation, corporate finance and investment banking. She began her career in 1992 in audit with Kassim Chan & Co (now Deloitte PLT), before gaining tax experience with Coopers & Lybrand (now PricewaterhouseCoopers). She subsequently built a career in corporate finance and advisory with Malaysian International Merchant Bankers Berhad (now Hong Leong Investment Bank Berhad) and Kenanga Investment Bank Berhad, where she advised corporate and institutional clients, including public listed companies.

She later transitioned into academia as a lecturer in accounting and auditing, before returning to the financial services industry in business development roles. She
subsequently served as Chief Financial Officer of TT Vision Holdings Berhad from 2017 to 2019, where she was involved in overseeing the company’s listing on the LEAP Market of Bursa Malaysia Securities Berhad.

She currently provides business and management consultancy services. She is also an Independent NonExecutive Director of IQ Group Holdings Berhad as well as
BWYS Group Berhad.