The Board of Directors of LGMS wishes to announce that the Company had, on 9 April 2025, entered into a MOU with AHSB and its major shareholders, namely Tan Soon Huat and Tan Pek Loon (collectively referred to as "AHSB Major Shareholders") to explore on the following:-

(i)    collaboration in product development, cross selling of commercial cybersecurity products and services in Malaysia and regionally; and

(ii)    the proposed acquisition of an equity stake in AHSB from the AHSB Major Shareholders to be determined later and subject to the terms and conditions to be negotiated and mutually agreed between both parties ("Proposed Acquisition").

Further details of the Proposed Acquisition are set out in the attachment below.

This announcement is dated 9 April 2025.