KUALA LUMPUR, 3 MARCH 2026 – Seni Jaya Corporation Berhad (“Seni Jaya” or the “Group”), a dynamic and leading Out-of-Home (“OOH”) media specialist in Malaysia, today announced that its shareholders have approved all resolutions tabled at the Company’s Extraordinary General Meeting (“EGM”), providing a clear and decisive mandate for the Group’s strategic expansion plans.

At the EGM, shareholders approved the proposed acquisitions of Unilink Outdoor Sdn Bhd (“Unilink”) and Vision OOH Sdn Bhd (“Vision”) for a combined purchase consideration of RM57.85 million. The Unilink acquisition of RM39.5 million will be satisfied via a combination of RM11.85 million in cash and RM27.65 million through the issuance of 87,500,000 new ordinary shares in Seni Jaya at an issue price of RM0.3160 per share, while the Vision acquisition of RM18.35 million will be satisfied entirely via the issuance of 58,069,620 new shares at the same issue price of RM0.3160 per share. In total, 145,569,620 new shares will be issued as consideration for both acquisitions. The equity-based structure aligns the vendors directly with the long-term performance of the enlarged Group while preserving cash resources and maintaining financial flexibility.

In conjunction with the acquisitions, shareholders also approved a proposed private placement of up to 64,064,000 new shares, representing up to 30% of the Company’s existing issued shares, to independent third-party investor(s) to be identified later. The placement shares may be issued in one or more tranches at an issue price to be determined by the Board, based on a discount of not more than 20% to the five-day volume-weighted average market price immediately preceding the price-fixing date. Proceeds from the private placement are intended to fund the cash portion of the Unilink acquisition, support working capital requirements, finance office renovation at The Mate and cover related proposal expenses, thereby strengthening the enlarged Group’s capital structure.

The proposed acquisitions of Unilink and Vision are supported by a clear strategic and financial rationale. Since the commencement of collaboration with Unilink and Vision in 2021, their contributions have supported the Group’s growth trajectory, with revenue rising from RM8.7 million in 2021 to RM37.9 million in 2022. Moving forward, the Group expects profitability to improve, supported by the absence of the collaboration fee previously payable to Unilink and Vision upon completion of the acquisitions. In addition, the enlarged Group’s owned billboard portfolio is expected to expand from 270 to 458 billboards, strengthening the Group’s nationwide footprint, enhancing market presence, and positioning Seni Jaya to capture longer-term growth opportunities in the OOH and DOOH segments.

Mr. Jeff Cheah See Heong, Chief Executive Officer of Seni Jaya Corporation Berhad, commented, “We are grateful for the firm support from our shareholders. The approval reflects a shared conviction that expanding our asset base and strengthening our nationwide footprint will position Seni Jaya for sustainable growth. Our M&A strategy is carefully structured to balance capital discipline with long-term value creation.”

He added, “With Unilink and Vision integrated into our portfolio, we will benefit from a broader premium billboard network, deeper client relationships and improved operational synergies. Shareholders recognise that this enlarged platform enhances our ability to capture industry recovery and structural shifts toward high-impact OOH and digital OOH formats.”

With shareholder approval secured, the Company will proceed to implement the proposed acquisitions and private placement in accordance with regulatory requirements.