Proposed subscription for 225,451 new fully paid up ordinary shares in Pingspace Sdn Bhd ("Pingspace") by Pentamaster Innoteq Sdn Bhd ("PISB"), a wholly owned subsidiaryof Pentamaster Corporation Berhad ("PCB") representing 6.8% of the total enlarged issued shares in Pingspace for a total consideration of RM5,000,000 ("Proposed Investment")

We refer to your Company’s announcement dated 8 July 2022 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1. The net profits and net assets of Pingspace based on its latest audited accounts.

2. The breakdown of sources of funding by PCB/PISB for the Proposed Subscription Consideration between internally       generated funds and proceeds raised from PIL Listing Proceeds.

3. The prospects of Pingspace.

4. The name of the independent registered valuer which conducted the valuation on Pingspace, date and method of           valuation.

5. A statement setting out the following:

    (a) whether the audit committee of PCB is of the view that the Proposed Subscription is –

     (i) in the best interest of PCB;

     (ii) fair, reasonable and on normal commercial terms; and

     (iii) not detrimental to the interest of the minority shareholders, together with the basis for its views;

    (b) where the audit committee has sought an independent advice in forming its views, a   statement to that effect;           and

    (c) where the views of the audit committee are different from the opinion of the independent adviser, if any, the                    reasons for the difference.

6)  The total amount transacted with the Mr Chuah Choon Bin and/or Mr Chuah Di Ken for the preceding 12 months.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,
LISTING

REGULATION

Cc : Market Surveillance Dept., Securities Commission (via email)