THIS NOTIFICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

If you have sold or transferred all your Offer Shares (as defined herein), you should hand this Notification immediately to the purchaser or stockbroker or agent through whom you effected the sale or transfer for onward transmission to the purchaser or transferee.

If you are in any doubt as to the course of action to be taken or may require advice in relation to the Offer (as defined herein), please consult your stockbroker, solicitor, bank manager, accountant or other professional advisers immediately.

Bursa Malaysia Securities Berhad has not perused the contents of this Notification prior to its issuance and hence, takes no responsibility for the contents of this Notification, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the contents of this Notification.

THIS NOTIFICATION IS FOR YOUR INFORMATION ONLY. NO ACTION IS REQUIRED TO BE TAKEN.

MAXIM GLOBAL BERHAD

(Registration No. 196801000620 (8184-W))

(Incorporated in Malaysia)

NOTIFICATION TO THE SHAREHOLDERS OF MAXIM GLOBAL BERHAD

IN RELATION TO THE RECEIPT OF NOTICE OF UNCONDITIONAL MANDATORY TAKE-OVER OFFER DATED 4 MAY 2026

FROM

UOB KAY HIAN (M) SDN BHD

(formerly known as UOB Kay Hian Securities (M) Sdn Bhd)

(Registration No. 199001003423 (194990-K))

ON BEHALF OF

TAN SRI DATUK SERI GAN SEONG LIAM

GAN KUOK CHYUAN

GAN KUOK WEI

GLOBAL SHOWCASE SDN BHD

(Registration No. 201501037440 (1162761-W))

(COLLECTIVELY, THE "JOINT OFFERORS")

This Notification is dated 11 May 2026

maxim

MAXIM GLOBAL BERHAD

(Registration No. 196801000620 (8184-W))

(Incorporated in Malaysia)

Registered Office

No. 2D, Jalan SS 6/6

Kelana Jaya

47301 Petaling Jaya

Selangor Darul Ehsan

11 May 2026

Board of Directors

Tan Sri Datuk Dr Abdul Samad bin Haji Alias (Chairman, Independent Non-Executive Director)

Tan Sri Datuk Seri Gan Seong Liam (Managing Director)

Gan Kuok Chyuan (Deputy Managing Director)

Gan Kuok Wei (Executive Director)

Chai Chang Guan (Executive Director)

Derek John Fernandez (Non-Independent Non-Executive Director)

Datuk Noel John A/L M Subramaniam (Independent Non-Executive Director)

Abraham Verghese A/L T V Abraham (Independent Non-Executive Director)

Asriah binti Shaari (Independent Non-Executive Director)

Azizah binti Ujang (Independent Non-Executive Director)

To: The Shareholders of Maxim Global Berhad

Dear Sir/ Madam,

MAXIM GLOBAL BERHAD ("MAXIM GLOBAL" OR THE "OFFEREE")

RECEIPT OF NOTICE OF UNCONDITIONAL MANDATORY TAKE-OVER OFFER DATED 4 MAY 2026 FROM UOB KAY HIAN (M) SDN BHD (FORMERLY KNOWN AS UOB KAY HIAN SECURITIES (M) SDN BHD) ON BEHALF OF TAN SRI DATUK SERI GAN SEONG LIAM, GAN KUOK CHYUAN, GAN KUOK WEI AND GLOBAL SHOWCASE SDN BHD ("NOTICE")

1. INTRODUCTION

On 4 May 2026, Tan Sri Datuk Seri Gan Seong Liam ("Tan Sri Gan") had acquired 114,233,568 ordinary shares in Maxim Global ("Share(s)" or "Maxim Global Share(s)") representing 15.54% of total Maxim Global Shares (excluding treasury shares) from Chai Chang Guan ("CCG") and Chai Seong Min ("CSM") (collectively, the "Vendors") via direct business transactions ("Acquisition"), as follows:

Vendors	No. of Maxim Global Shares acquired by Tan Sri Gan		Purchase consideration(2)	Price per Share
	No. of Shares	%(1)	RM	RM
CCG	59,397,634	8.08	14,255,432.16	0.24
CSM	54,835,934	7.46	13,160,624.16	0.24
Total	114,233,568	15.54	27,416,056.32

Notes:

(1) Computed based on 735,032,840 Maxim Global Shares (excluding treasury shares) as at the date of this Notice.

(2) Excluding brokerage and other incidental costs.

Following the Acquisition, Tan Sri Gan's shareholding in Maxim Global increased from 21.79% to 37.33% (excluding treasury shares). Accordingly, pursuant to subsection 218(2) of the Capital Markets and Services Act 2007 ("CMSA") and paragraphs 4.01(a) and 4.04 of the Rules on Take-overs, Mergers and Compulsory Acquisition ("Rules"), Tan Sri Gan is obliged to extend a mandatory takeover offer on Maxim Global.

On 4 May 2026, UOBKH Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") had, on behalf of Tan Sri Gan, together with his children, Gan Kuok Chyuan and Gan Kuok Wei, and Global Showcase Sdn Bhd (an entity wholly-owned by Gan Kuok Chyuan) (collectively the "Joint Offerors") served the Notice on the Board of Directors of Maxim Global ("Board"), notifying the Board of the Joint Offerors' intention to undertake an unconditional mandatory take-over offer to acquire all the remaining 291,293,816 ordinary shares in Maxim Global, representing 39.63% of shareholding in Maxim Global (excluding treasury shares) not already held by the Joint Offerors ("Offer Share(s)") for a cash offer price of RM0.24 per Offer Share ("Offer").

Pursuant to subsections 216(2) and 216(3) of the CMSA, the persons acting in concert with the Joint Offerors in relation to the Offer who hold Maxim Global Shares ("PAC(s)") as at the date of the Notice are as follows.

No.	Name	Shareholding in Maxim Global		Description of relationship
		No. of Shares	(1)%
1	Tan Sri Datuk Seri Gan Yu Chai	27,250,000	3.71	Deemed PAC pursuant to subsection 216(2) of the CMSA by virtue of jointly exercising control over Maxim Global together with the Joint Offerors
2	Gan Lee Ha	30,415,561	4.14
3	Lee Cheh Hian	5,978,061	0.81
4	Gan Kok Peng	1,000	Negligible
5	Nomis Sim Siang Leng	3,305,000	0.45
6	Simson Sim Xian Zhi	3,500,000	0.48
7	Loh Kah Hing	726,650	0.10
8	Lee Chin Hock	586	Negligible
9	Lee Seng Chai	25,000	Negligible	Presumed PAC pursuant to subsection 216(3)(h) of the CMSA as the brother-in-law of Tan Sri Gan
	Total	71,201,858	9.69

Note:
(1) Computed based on 735,032,840 Maxim Global Shares (excluding treasury shares) as at the date of this Notice.

For avoidance of doubt, the Offer shall extend to the Offer Shares held by the PACs. The Offer is however not extended to 237,150 Maxim Global Shares held as treasury shares as at the date of the Notice and any additional treasury shares arising from subsequent share buy-backs by Maxim Global, if any.

The Board had on 4 May 2026 announced the receipt of the Notice, a copy of which is enclosed herewith for your further information.

CONDITIONS OF THE OFFER

The Offer is not conditional upon any minimum level of valid acceptance of the Offer Shares as the Joint Offerors already collectively hold more than 50.00% of the voting shares in Maxim Global. As at the date of the Notice, the Joint Offerors collectively hold 443,739,024 Maxim Global Shares, representing approximately 60.37% of the voting shares in Maxim Global (excluding treasury shares).

APPOINTMENT OF INDEPENDENT ADVISER

In accordance with paragraph 3.06 of the Rules, the Board had on 5 May 2026 announced the appointment of MainStreet Advisers Sdn Bhd as the Independent Adviser to provide comments, opinions, information and recommendation on the Offer to the non-interested directors of Maxim Global and the holders of the Offer Shares.

DOCUMENTS RELATING TO THE OFFER

The purpose of this Notification is to inform you of the Offer and a copy of the Notice is enclosed herewith for your information. You should note that this Notification does not constitute an offer.

The document outlining the terms and conditions of the Offer ("Offer Document") together with the forms of acceptance and transfer will be despatched to you by UOBKH, on behalf of the Joint Offerors, within 21 days from the date of the Notice or any extended period of time as may be directed or permitted by the SC.

An independent advice circular containing amongst others, the recommendation of the Independent Adviser in relation to the Offer, will be despatched to you within 10 days from the date of despatch of the Offer Document or any later date as may be approved by the SC.

All communications, notices, documents and, if applicable, payments to be delivered or sent to you (or your designated agents, as you may direct) will be sent by ordinary mail to your registered Malaysian addresses in the record of depositors last maintained with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository") at your own risk. Non-resident shareholders without registered Malaysian addresses maintained with Bursa Depository but who wish to receive communications, notices, documents and payments in relation to the Offer should ensure that you have your foreign mailing addresses changed to a registered Malaysian address. In any event, the Offer Document shall be made available on the website of Bursa Malaysia Securities Berhad at www.bursamalaysia.com upon issuance.

DIRECTORS' RESPONSIBILITY STATEMENT

The Board has seen and approved this Notification and they collectively and individually accept full responsibility for the accuracy of the information given in this Notification and confirm that, after having made all reasonable enquiries and to the best of their knowledge and belief, there are no false or misleading statements or other facts, the omission of which would make any statement in this Notification false or misleading.

YOU ARE ADVISED NOT TO TAKE ANY ACTION WHICH MAY BE PREJUDICIAL TO YOUR INTERESTS AND TO READ THE OFFER DOCUMENT AND THE INDEPENDENT ADVICE CIRCULAR TO BE ISSUED CAREFULLY BEFORE TAKING ANY ACTION(S) IN RELATION TO THE OFFER.

Yours faithfully,

For and on behalf of the Board of

MAXIM GLOBAL BERHAD

TAN SRI DATUK DR ABDUL SAMAD BIN HAJI ALIAS

Chairman, Independent Non-Executive Director

NOTICE OF THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER
DATED 4 MAY 2026 FROM UOB KAY HIAN (M) SDN BHD
(FORMERLY KNOWN AS UOB KAY HIAN SECURITIES (M) SDN BHD) ON BEHALF OF
TAN SRI DATUK SERI GAN SEONG LIAM, GAN KUOK CHYUAN, GAN KUOK WEI AND
GLOBAL SHOWCASE SDN BHD

UOBKayHian

UOB KAY HIAN (M) SDN BHD

(formerly known as UOB Kay Hian Securities (M) Sdn. Bhd.)

4 May 2026

The Board of Directors

MAXIM GLOBAL BERHAD

No. 2D, Jalan SS 6/6

Kelana Jaya

47301 Petaling Jaya

Selangor Darul Ehsan

Dear Sir/ Madam,

Ground & 19th Floor,

Menara Keck Seng,

203 Jalan Bukit Bintang,

55100 Kuala Lumpur,

Wilayah Persekutuan,

Malaysia.

Tel: 603 2147 1888

Fax: 603 2147 1950

www.uobkayhian.com

Co. No. 194990-K

MAXIM GLOBAL BERHAD ("MAXIM GLOBAL" OR THE "OFFEREE")

NOTICE OF UNCONDITIONAL MANDATORY TAKE-OVER OFFER ("NOTICE")

1. INTRODUCTION

1.1 On 4 May 2026, Tan Sri Datuk Seri Gan Seong Liam ("Tan Sri Gan") had acquired 114,233,568 ordinary shares in Maxim Global ("Share(s)" or "Maxim Global Share(s)") representing 15.54% of total Maxim Global Shares (excluding treasury shares) from Chai Chang Guan ("CCG") and Chai Seong Min ("CSM") (collectively, the "Vendors") via direct business transactions ("Acquisition"), as follows:

Vendors	No. of Maxim Global Shares acquired by Tan Sri Gan		Purchase consideration*2
	No. of Shares	%*1	RM	RM
CCG	59,397,634	8.08	14,255,432.16	0.24
CSM	54,835,934	7.46	13,160,624.16	0.24
Total	114,233,568	15.54	27,416,056.32

Notes:-

*1 Computed based on 735,032,840 Maxim Global Shares (excluding treasury shares) as at the date of this Notice.

*2 Excluding brokerage and other incidental costs.

1.2 The direct shareholdings of Tan Sri Gan and the Vendors in Maxim Global before and after the Acquisition are as follows:

Parties	Before the Acquisition		After the Acquisition
	No. of Shares	%*1	No. of Shares	%*1
Tan Sri Gan	160,162,500	21.79	274,396,068	37.33
Vendors
CCG	59,397,634	8.08	-	-
CSM	54,835,934	7.46	-	-

Note:-

*1 Computed based on 735,032,840 Maxim Global Shares (excluding treasury shares) in issue as at the date of this Notice.

大華继晶证券私人有限公司

A Participating Organization of Borsa Malaysia Securities Berhad

A Trading Participant of Borsa Malaysia Derivatives Berhad

UOBKayHian

1.3 Tan Sri Gan will launch the mandatory take-over offer on Maxim Global together with his children, Gan Kuok Chyuan and Gan Kuok Wei, and Global Showcase Sdn Bhd ("Global Showcase") an entity wholly-owned by Gan Kuok Chyuan (collectively the "Joint Offerors"). Prior to the Acquisition, the Joint Offerors collectively hold 329,505,456 Shares, representing 44.83% shareholding in Maxim Global (excluding treasury shares). Upon completion of the Acquisition, the shareholdings of the Joint Offerors in Maxim Global increased from 329,505,456 Shares to 443,739,024 Shares, representing 60.37% shareholding in Maxim Global (excluding treasury shares).

1.4 Therefore, pursuant to subsection 218(2) of the CMSA, and paragraphs 4.01(a) and 4.04 of the Rules, the Joint Offerors will extend an unconditional mandatory take-over offer to acquire all the remaining 291,293,816 Shares, representing 39.63% shareholding in Maxim Global (excluding treasury shares) not already held by the Joint Offerors ("Offer Share(s)") for a cash offer price of RM0.24 per Offer Share ("Offer Price") ("Offer"). It is the intention of the Joint Offerors that the valid acceptances of Offer Shares accepted pursuant to the Proposed Offer will be registered under the name of Tan Sri Gan.

1.5 For clarification purposes, Maxim Global retains 237,150 treasury shares as at the date of this Notice. The Offer is not extended to the 237,150 treasury shares of Maxim Global and any additional treasury shares arising from subsequent share buy-backs by Maxim Global.

1.6 Pursuant to subsections 216(2) and 216(3) of the CMSA, the persons acting in concert with the Joint Offerors in relation to the Offer who hold Maxim Global Shares ("PAC(s)") as at the date of this Notice, are as follows:

No.	Name	Shareholding in Maxim Global*1	Description of relationship
1.	Tan Sri Datuk Seri Gan Yu Chai	27,250,000 Shares (3.71%)	Deemed PAC pursuant to subsection 216(2) of the CMSA by virtue of jointly exercising control over Maxim Global together with the Joint Offerors
2.	Gan Lee Ha	30,415,561 Shares (4.14%)
3.	Lee Cheh Hian	5,978,061 Shares (0.81%)
4.	Gan Kok Peng	1,000 Shares (negligible)
5.	Nomis Sim Siang Leng	3,305,000 Shares (0.45%)
6.	Simson Sim Xian Zhi	3,500,000 Shares (0.48%)
7.	Loh Kah Hing	726,650 Shares (0.10%)
8.	Lee Chin Hock	586 Shares (negligible)
9.	Lee Seng Chai	25,000 Shares (negligible)	Presumed PAC pursuant to subsection 216(3)(h) of the CMSA as the brother-in-law of Tan Sri Gan

Note:-
*1 Computed based on 735,032,840 Maxim Global Shares (excluding treasury shares) in issue as at the date of this Notice.

For the avoidance of doubt, the Offer is extended to the Offer Shares held by the PACs.

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1.7 As at the date of the Notice, the shareholdings of the Joint Offerors and PACs who hold Maxim Global Shares are as follows:-

Name	No. of Shares	%*1
Joint Offerors
Tan Sri Gan	274,396,068	37.33
Gan Kuok Chyuan	75,433,358	10.26
Gan Kuok Wei	77,937,376	10.60
Global Showcase	15,972,222	2.17
Total Joint Offerors shareholding	443,739,024	60.37
PACs
Tan Sri Datuk Seri Gan Yu Chai	27,250,000	3.71
Gan Lee Ha	30,415,561	4.14
Lee Cheh Hian	5,978,061	0.81
Gan Kok Peng	1,000	negligible
Nomis Sim Siang Leng	3,305,000	0.45
Simson Sim Xian Zhi	3,500,000	0.48
Loh Kah Hing	726,650	0.10
Lee Chin Hock	586	negligible
Lee Seng Chai	25,000	negligible
Total PAC shareholding	71,201,858	9.69

Note:-
*1 Computed based on 735,032,840 Maxim Global Shares (excluding treasury shares) in issue as at the date of this Notice.

2. THE OFFER

On behalf of the Joint Offerors, UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") hereby serves this Notice to the Board of Directors of Maxim Global ("Board") in accordance with subparagraph 9.10(1)(b)(i) of the Rules to acquire all the Offer Shares, at a cash consideration of RM0.24 per Offer Share, subject to adjustments as set out in Section 4.1 of this Notice, if applicable.

The Offer will be made to each holder of the Offer Shares ("Holder(s)") equally and in respect of all of his or her Offer Shares, subject to the terms and conditions of the Offer as set out in Section 4 of this Notice. Holders who wish to accept the Offer should refer to the procedures for acceptance, which will be set out in the document outlining the terms and conditions of the Offer ("Offer Document"), together with the accompanying form of acceptance and transfer ("Form of Acceptance and Transfer"), to be despatched in due course, subject to the notification from the Securities Commission Malaysia ("SC") that it has no further comments on the contents of the Offer Document being obtained.

3. INFORMATION ON THE JOINT OFFERORS

(a) Tan Sri Gan

Tan Sri Gan, a Malaysian male, aged 69, was appointed to the Board of Maxim Global on 26 February 2019 as an Executive Director. On 7 August 2019, Tan Sri Gan assumed the position of Managing Director of Maxim Global.

Tan Sri Gan graduated in 1979 with First Class Honours in Civil Engineering from the University of Manchester, United Kingdom. He subsequently started his career as a building engineer with the Public Works Department, Negeri Sembilan, and also worked in the Design and Research Department in the Public Works Department, Kuala Lumpur.

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From 1985, Tan Sri Gan ventured into property development and owned a Class A contracting company. Between 1994 and 2001, Tan Sri Gan was the Executive Director of Ganz Technologies Berhad, a rubber glove company listed on the then Second Board of Kuala Lumpur Stock Exchange (later merged with the Main Board to become the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities")). Thereafter, Tan Sri Gan further ventured into construction, project management and property development businesses prior to joining Maxim Global.

Tan Sri Gan is the father of Gan Kuok Chyuan and Gan Kuok Wei, both of whom are Joint Offerors for the Offer.

(b) Gan Kuok Chyuan

Gan Kuok Chyuan, a Malaysian male, aged 36, was appointed to the Board of Maxim Global on 26 February 2019 as an Executive Director and was subsequently appointed as Deputy Managing Director on 28 November 2019.

He graduated from CASS Business School, London with Master of Science in Banking and International Finance in 2012, and also holds a Bachelor of Arts in Accounting, Financial Management and Economics from the University of Sheffield, United Kingdom. He started his career by joining CIMB Bank Berhad as a management trainee.

In June 2013, he joined Maxim Holdings Sdn Bhd, a private property development company and the last position held was Chief Operating Officer. During his tenure in Maxim Holdings Sdn Bhd, he was involved in the development of 5 property development projects with a combined gross development value of approximately RM2.5 billion.

On 1 January 2018, he joined Maxim Global where he was appointed as the Chief Executive Officer and subsequently on 28 November 2019, assumed his current position as Deputy Managing Director of Maxim Global and the position of Managing Director of Wawasan Metro Bina Sdn Bhd, a wholly-owned subsidiary of Maxim Global. During this time, he oversaw the development of several residential projects such as Mizumi Residences and Residensi Metro Kepong, which were completed in September 2021 and April 2023, respectively. In his roles in Maxim Holdings Sdn Bhd and Maxim Global, he also has experience in developing and implementing business continuity plans and processes, reviewing financial statements and overseeing fundraising activities.

Gan Kuok Chyuan is the son of Tan Sri Gan and the brother of Gan Kuok Wei, both of whom are Joint Offerors for the Offer. He is also the sole shareholder and director of Global Showcase.

Gan Kuok Wei, a Malaysian male, aged 33, was appointed to the Board of Maxim Global on 22 August 2024 as an Executive Director.

He graduated with a double degree of Bachelor of Arts (Hons) in Events Management from University of Greenwich Eltham, London, United Kingdom and Bachelor of Culinary Management from William Angliss Institute, Melbourne, Australia in 2019. He also holds a Diploma in Engineering from Liverpool John Moores University, Liverpool, United Kingdom.

In 2014, he joined Meridian Maxim Sdn Bhd, a property developer, as a Sales and Marketing Executive. In 2019, he left Meridian Maxim Sdn Bhd and ventured into the food and beverage business, establishing a patisserie cafe. He performed day to day operations of the said patisserie cafe until he joined Maxim Global in 2023 as Head of Business Development.

Gan Kuok Wei is the son of Tan Sri Gan and brother of Gan Kuok Chyuan, both of whom are Joint Offerors for the Offer.

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(d) Global Showcase

Global Showcase was incorporated in Malaysia on 20 October 2015 under the Companies Act 1965 as a private limited company. The principal activity of Global Showcase is investment holding and general trading. As at the date of this Notice, the share capital of Global Showcase is RM1,000 comprising 1,000 ordinary shares in issue. As at the date of this Notice, Gan Kuok Chyuan is the sole director and shareholder of Global Showcase.

TERMS AND CONDITIONS OF THE OFFER

The principal terms and conditions of the Offer, unless otherwise directed or permitted to be varied by the SC, are set out below:

4.1 Consideration for the Offer

Holders who accept the Offer ("Accepting Holders") shall be paid RM0.24 per Offer Share, which shall be satisfied wholly in cash, in accordance with the terms set out in the Offer Document.

Notwithstanding the above, if Maxim Global declares and/or pays any dividend and/or other distributions ("Distributions") in favour of its shareholders whereby the entitlement date for such Distributions is on or after the date of the Notice but prior to the Closing Date (as defined in Section 4.5 of this Notice) and the Holder is entitled to retain such Distributions, the Joint Offerors will reduce the amount of the Offer Price by the quantum of the Distributions per Offer Share that such Holder is entitled to retain. For avoidance of doubt, no adjustment shall be made to the Offer Price in the event that the entitlement date for the Distributions is after the Closing Date (as defined in Section 4.5 of this Notice).

As at the date of this Notice, the Offeree has not announced any declaration or payment of Distributions that is payable on or after the date of this Notice.

Holders may accept the Offer in respect of all or part of their Offer Shares. Fractions of a sen will not be paid to the Accepting Holders and cash consideration payable in respect of the valid acceptance of the Offer will be rounded down to the nearest whole sen.

The Offer Price is the price at which the Joint Offerors are willing to acquire the Offer Shares after taking into consideration, amongst others, the following:-

(i) the Offer Price is equivalent to the consideration paid by Tan Sri Gan for the Acquisition of RM0.24 for each Maxim Global Share, being the highest price paid by the Joint Offerors for Maxim Global Shares in the 6 months prior to the commencement of the offer period. For information purposes, the price paid by Tan Sri Gan for each Maxim Global Share acquired pursuant to the Acquisition was arrived at on a willing buyer willing seller basis after taking into consideration the historical market prices of Maxim Global Shares as set out below. Accordingly, the Offer Price is in compliance with subparagraph 6.03(1) of the Rules; and

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(ii) historical market prices of Maxim Global Shares.

The Offer Price of RM0.24 per Offer Share represents a discount to the following last transacted price and the volume weighted average market prices ("VWAP") of Maxim Global Shares:-

	Share price	Discount
	RM	RM	%
Last transacted price of Maxim Global Shares as at 30 April 2026, being the last trading day prior to the date of this Notice ("LTD")	0.2700	0.0300	11.11
5-day VWAP of Maxim Global Shares up to the LTD	0.2640	0.0240	9.09
1-month VWAP of Maxim Global Shares up to the LTD	0.2674	0.0274	10.25
3-month VWAP of Maxim Global Shares up to the LTD	0.2905	0.0505	17.38
6-month VWAP of Maxim Global Shares up to the LTD	0.3170	0.0770	24.29
1-year VWAP of Maxim Global Shares up to the LTD	0.3679	0.1279	34.76

(Source: Bloomberg)

4.2 Conditions of the Offer

The Offer is not conditional upon any minimum level of acceptances of the Offer Shares as the Joint Offerors already collectively hold more than 50% of the voting shares in Maxim Global. As at the date of this Notice, the Joint Offerors collectively hold 60.37% of the voting shares in Maxim Global (excluding treasury shares).

4.3 Despatch of the Offer Document

Pursuant to paragraph 11.02 of the Rules, unless otherwise directed or permitted by the SC to defer in doing so, the Offer will be made in conjunction with the posting of the Offer Document ("Posting Date"), which will not be later than 21 days from the date of this Notice. An application will be made by UOBKH, on behalf of the Joint Offerors, to the SC for an extension of time if the Posting Date is expected to be deferred by the Joint Offerors beyond the requisite 21 days.

The Joint Offerors will post the Offer Document to the Board and all Holders whose names appear on the Record of Depositors of Maxim Global as at 5.00 p.m. (Malaysian time) on the latest practicable date prior to the Posting Date.

4.4 Warranty

The Joint Offerors will acquire the Offer Shares based on the acceptances of the Offer by Holders which are deemed by the Joint Offerors to be valid and complete in all respects in accordance with the provisions of the Offer Document. Such acceptance will be deemed to constitute an irrevocable and unconditional warranty by the Accepting Holder that the Offer Shares, to which such acceptance relates, are sold:-

(a) free from all moratorium, claims, charges, liens, pledges, encumbrances, options, rights of pre-emption, third party rights and equities from the date of the valid acceptance; and
(b) together with all rights, benefits and entitlements attached thereto, including the rights to all allotments and/ or any Distributions declared, paid or made on or after the date of this Notice, subject to the adjustment(s) by reason of any Distributions as set out in Section 4.1 of this Notice.

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4.5 Duration of the Offer

(a) First Closing Date

Provided that the Joint Offerors do not withdraw the Offer with the SC's prior written approval and every person is released from any obligation incurred under the Offer, the Offer will remain open for acceptances until 5.00 p.m. (Malaysian time) for a period of not less than 21 days from the Posting Date, or such later date(s) as UOBKH may announce on behalf of the Joint Offerors ("Closing Date"), provided such announcement is made at least 2 days before the relevant Closing Date.

(b) Revision of the Offer

Pursuant to paragraph 12.03 of the Rules, if the Offer is revised after the Posting Date, the Joint Offerors will:-

(i) announce such revision together with the following information:-

(aa) the revised offer price; and
(bb) the price paid or agreed to be paid and the number of voting shares or voting rights purchased or agreed to be purchased, which lead to the revision;

(ii) post the written notification of the revised take-over offer to all Holders, including all the Holders who have previously accepted the Offer, no later than the 46th day from the date of the Offer Document; and
(iii) keep the Offer open for acceptance for a period of at least another 14 days from the date of posting of the written notification of the revised take-over offer to all Holders.

Where any of the terms of the Offer are revised, Holders who have previously accepted the Offer shall also be entitled to receive the revised consideration that is to be paid or provided for the acceptance of the Offer.

The Offer may not be revised after the 46th day from the Posting Date.

(c) Extension of the Offer

Any extension of the date and time for acceptance of the Offer by the Joint Offerors will be announced by UOBKH, on behalf of the Joint Offerors, at least 2 days before the Closing Date. Such announcement will state the next closing date of the Offer. Notices of such extension will be posted to the Holders accordingly.

(d) Closing of the Offer

As the Offer is not conditional upon any minimum level of acceptance of the Offer Shares, the Closing Date will not be later than the 60th day from the Posting Date.

Notwithstanding the above, the Offer shall be deemed to be closed prior to the Closing Date if the Joint Offerors have received acceptances for all the Offer Shares and the Joint Offerors have made an announcement in accordance with Section 4.9(a) of this Notice.

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(e) Competing take-over offer

Where a competing take-over offer, if any, is made any time between the Posting Date and the Closing Date, the Posting Date shall be deemed to be the date the offer document of the competing take-over offer was posted. If a competing take-over offer continues to exist in the later stages of the offer period, the SC will require revised offers to be announced in accordance with an auction procedure, the terms of which will be determined by the SC. Such auction will normally follow the procedure set out in Schedule 4 of the Rules.

4.6 Rights of withdrawal by an Accepting Holder

(a) All valid acceptances of the Offer by the Accepting Holder SHALL BE IRREVOCABLE. However, an Accepting Holder is entitled to withdraw his/ her acceptance immediately if the Joint Offerors fail to comply with any of the requirements set out in Section 4.9(a) of this Notice by the close of trading on Bursa Securities on the market day following the day on which the Offer is closed, revised or extended, as the case may be ("Relevant Day").

(b) Notwithstanding the above, the SC may terminate the above right of withdrawal if the Joint Offerors have complied with the requirements of Section 4.9(a) of this Notice not less than 8 days from the Relevant Day.

(c) However, the rights of any Holder who has already withdrawn his/ her acceptance pursuant to Section 4.6(a) of this Notice shall not be prejudiced by the termination of such right of withdrawal by the SC as set out in Section 4.6(b) of this Notice.

4.7 Withdrawal of the Offer by the Joint Offerors

The Joint Offerors may only withdraw the Offer with the prior written approval of the SC.

4.8 Method of settlement

Except with the consent of the SC, and save for the Joint Offerors' right to reduce the consideration of the Offer Shares as set out in Section 4.1 of this Notice, settlement of the cash consideration to which any Accepting Holder is entitled under the Offer will be implemented in full, in accordance with the terms of the Offer, without regard to any lien, right of set-off, counter-claim or other analogous rights to which the Joint Offerors may otherwise be, or claim to be, entitled against the Accepting Holder. This, however, is without prejudice to the Joint Offerors' right to make any claim against the Accepting Holder after such full settlement in respect of a breach of any of the warranties as set out in Section 4.4 of this Notice.

The settlement of the consideration for the Offer Shares, in respect of valid acceptance, will be effected via:-

(i) remittance into the Accepting Holders' bank account, if the Accepting Holders have registered their bank account with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository") for the purposes of cash dividend/ distribution; or

(ii) otherwise, remittance in the form of cheque(s), banker's draft(s) and/ or cashier's order(s) which will be posted by ordinary mail to the Accepting Holders (or their designated agents, as they may direct) at their registered Malaysian addresses last maintained with Bursa Depository, at their own risk,

within 10 days from the date of the valid acceptances, provided that such acceptances are deemed by the Joint Offerors to be complete and valid in all respects, in accordance with the terms and conditions set out in the Offer Document.

Accepting Holders are encouraged to register and/ or update their bank account details with Bursa Depository in order to receive the consideration for the Offer Shares in their bank accounts.

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Any Holder(s), including without limitation, custodians, nominees and trustees, who are citizens or national of, or residents in, or have registered addresses in jurisdictions outside Malaysia, or incorporated or registered with, or approved by any authority outside Malaysia or non-residents within the definition prescribed under the Financial Services Act 2013 ("Non-Resident Holder(s)") are advised that settlement for acceptance of the Offer will be made in RM. Non-Resident Holder(s) who wish to convert their consideration into foreign currency for repatriation may do so after payment of the appropriate fees and/ or charges levied by the respective financial institutions.

4.9 Announcement of acceptance

(a) The Joint Offerors shall inform the SC in writing and announce via Bursa Securities' Listing Information Network ("Bursa LINK") or by way of press notice where relevant, before 9.00 a.m. (Malaysian time) on the Relevant Day, the following information:-

(i) the position of the Offer, that is, as to whether the Offer is closed, revised or extended; and
(ii) the total number of Offer Shares:-

(aa) for which acceptances of the Offer have been received after the Posting Date;
(bb) held by the Joint Offerors and PACs as at the Posting Date; and
(cc) acquired or agreed to be acquired by the Joint Offerors and PACs with them during the offer period but after the Posting Date,

and must specify the percentage of the total number of Maxim Global Shares represented by these numbers.

(b) In computing the acceptance of Offer Shares for announcement purposes, the Joint Offerors may include or exclude acceptance which are not in order in all respects or which are subject to verification.
(c) References to the making of an announcement or the giving of notice by the Joint Offerors include the following:-

(i) release of an announcement by UOBKH, the Joint Offerors' and/ or Joint Offerors' advertising agent(s) to the press; or
(ii) delivery of or transmission by facsimile or Bursa LINK of an announcement to Bursa Securities.

(d) An announcement made otherwise than to Bursa Securities shall be notified simultaneously to Bursa Securities, if applicable.

4.10 Purchases in the open market

Should any of the Joint Offerors or person(s) acting in concert with them purchase or agree to purchase the Offer Shares during the offer period at a consideration that is higher than the Offer Price, the Joint Offerors shall increase the consideration for the Offer to be not less than the highest price (excluding stamp duty and commission) paid or agreed to be paid by the Joint Offerors or person(s) acting in concert with them for the Offer Shares during the offer period.

In the event the Joint Offerors increase the consideration for the Offer, Holders who have accepted the Offer prior to the revision of the Offer Price will be entitled to receive the revised consideration.

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4.11 General

(a) All communications, notices, documents and payments to be delivered or sent to the Holders (or their designated agent(s) as they may direct) will be despatched by ordinary mail to the Holders' registered Malaysian addresses last maintained with Bursa Depository at their own risk. Non-Resident Holders with no registered Malaysian addresses who wish to receive communications, notices, documents and payments in relation to the Offer should ensure that they have their foreign mailing addresses changed to a registered Malaysian address.

In any event, the Offer Document shall be made available on the website of Bursa Securities at www.bursamalaysia.com upon issuance.

Unless the contrary is proved, delivery of the communication, notice, document or payment will be effected by properly addressing, prepaying and posting by ordinary mail the communication, notice, document or payment and it shall be presumed to have been effected at the time when the document would have been delivered in the ordinary course of the mail.

(b) The Offer and all valid acceptance received under the Offer will be construed in accordance with and governed by Malaysian law. It will be provided in the Offer Document that the Joint Offerors shall submit to the exclusive jurisdiction of the courts of Malaysia in respect of any proceedings brought in relation to the Offer.

(c) Holders may accept the Offer made to them in respect of all or part of their Offer Shares. A Holder's acceptance shall not exceed his/her total holding of Offer Shares, failing which the Joint Offerors shall have the right to treat such acceptance as invalid. Nevertheless, the Joint Offerors also reserve the right to treat any acceptance of a Holder exceeding his/her total holding of Offer Shares as valid for and to the extent of his/her total holding of Offer Shares.

(d) The Form of Acceptance and Transfer which will accompany the Offer Document will contain the following:-

(i) provisions for the acceptance and the transfer of the Offer Shares to the Joint Offerors or their appointed nominee(s), if any;

(ii) instructions to complete the Form of Acceptance and Transfer; and

(iii) other matters incidental to the acceptance of the Offer and the transfer of the Offer Shares to the Joint Offerors or their appointed nominee(s), if any.

No acknowledgement of the receipt of the Form of Acceptance and Transfer will be issued.

(e) All costs and expenses of or incidental to the preparation and posting of the Offer Document (other than professional fees and other costs relating to the Offer incurred by the Offeree) will be borne by the Joint Offerors. Malaysian stamp duty and Malaysian transfer fees, if any, resulting from acceptance of the Offer will be borne by the Joint Offerors. For avoidance of doubt, the payment of any transfer fees, taxes, duties, costs, expenses or other requisite payments due in a jurisdiction outside Malaysia or the payment of any levy, fee, commission or cost for the repatriation of capital or income tax shall not be borne by the Joint Offerors.

(f) Any accidental omission to despatch the Offer Document and the Form of Acceptance and Transfer to any person to whom the Offer is made shall not invalidate the Offer in any way.

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5. LISTING STATUS OF THE OFFEREE, COMPULSORY ACQUISITION AND RIGHTS OF MINORITY SHAREHOLDERS

5.1 Listing status of the Offeree

Paragraph 8.02(1) of the Listing Requirements states that a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders ("Public Spread Requirement"). Bursa Securities may accept a percentage lower than 25% of the total number of listed shares (excluding treasury shares) if it is satisfied that such lower percentage is sufficient for a liquid market in such shares.

A listed issuer that fails to maintain the Public Spread Requirement may request for an extension of time to rectify the situation in the manner as may be prescribed by Bursa Securities. Where no extension of time is granted by Bursa Securities, Bursa Securities may take or impose any type of action or penalty pursuant to paragraph 16.19 of the Listing Requirements for a breach of paragraph 8.02(1) of the Listing Requirements and may, at its discretion, suspend trading in the securities of the listed issuer pursuant to paragraph 16.02(1) of the Listing Requirements. However, the non-compliance of the Public Spread Requirement would not automatically result in the delisting of a listed issuer from the Official List.

The Joint Offerors intend to maintain the listing status of Maxim Global on the Main Market of Bursa Securities. Accordingly, in the event that Maxim Global does not comply with the Public Spread Requirement as a result of the Offer, the Joint Offerors shall work together with Maxim Global to explore various options or proposals to rectify the non-compliance with the Public Spread Requirement.

In relation to a take-over offer for the acquisition of the listed shares of a listed issuer pursuant to the Rules, upon 90% or more of the listed shares (excluding treasury shares) of the said listed issuer being held by a shareholder either individually or jointly with associates of the shareholder, an immediate announcement must be made by the listed issuer pursuant to paragraph 9.19(48) of the Listing Requirements. Upon such immediate announcement and where the listed issuer has announced that the offeror intends to maintain the listing status of the listed issuer, Bursa Securities shall suspend trading of the securities of the listed issuer upon expiry of 30 market days from the date of such immediate announcement pursuant to paragraph 16.02(2) of the Listing Requirements. In this regard, the suspension will only be uplifted upon the listed issuer's full compliance with the Public Spread Requirement or as may be determined by Bursa Securities.

Any action to address the Public Spread Requirement may require the approvals of Bursa Securities and/or the approval of the shareholders of Maxim Global. The actual course of action to be taken will depend on, amongst others, the circumstances as well as the prevailing market conditions at the relevant time. Therefore, while the Joint Offerors will work together with Maxim Global to rectify any shortfall in the Public Spread Requirement of Maxim Global, there is no assurance that the Public Spread Requirement of Maxim Global can be rectified within the timeframe as allowed by Bursa Securities or that Bursa Securities will grant any extension of time in relation thereto. In such event of non-compliance, Bursa Securities may at its discretion suspend the trading of Maxim Global Shares.

5.2 Compulsory acquisition

Subsection 222(1) of the CMSA provides that, subject to section 224 of the CMSA, where an offeror:-

(a) has made a take-over offer for all the shares or all the shares in any particular class in an offeree; and
(b) has received acceptance of not less than nine-tenths (9/10) in the nominal value* of the offer shares,

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Note:-
* Section 74 of the Companies Act 2016 ("Act") stipulates that all shares issued before or upon the commencement of the Act shall have no par or nominal value. Accordingly, the "nominal value" in this context shall refer to the number of shares instead.

the offeror may, within 4 months of the date of the take-over offer, acquire the remaining shares or remaining shares in any particular class in the offeree, by issuing a notice in the form or manner specified by the SC to such effect, to all dissenting shareholder provided that the notice:-

(a) is issued within 2 months from the date of achieving the conditions under subsections 222(1)(a) and 222(1)(b) of the CMSA; and
(b) is accompanied by a copy of a statutory declaration by the offeror that the conditions for the giving of the notice are satisfied.

Subsection 222(1A) of the CMSA provides that, for the purpose of subsection 222(1)(b) of the CMSA, the acceptance shall not include shares already held at the date of the takeover offer by the Joint Offerors or person(s) acting in concert with them.

The Joint Offerors do not intend to invoke the provisions of subsection 222(1) of the CMSA to compulsorily acquire any remaining Offer Shares from the Holders who have not accepted the Offer ("Dissenting Holder(s)") for which valid acceptances have not been received on or before the Closing Date even if the conditions stipulated in subsection 222(1) of the CMSA are fulfilled.

5.3 Rights of Dissenting Holders

Notwithstanding the above and subject to section 224 of the CMSA, section 223 of the CMSA provides that if the Joint Offerors receive valid acceptance resulting in the Joint Offerors and person(s) acting in concert with them holding not less than nine-tenths (9/10) in the value of all the shares in Maxim Global (including Maxim Global Shares that are already held by the Joint Offerors and person(s) acting in concert with them as at the date of the Offer) on or before the Closing Date, a Dissenting Holder may exercise his/ her rights under subsection 223(1) of the CMSA, by serving a notice on the Joint Offerors to require the Joint Offerors to acquire his/ her shares on the same terms to be set out in the Offer Document or such terms as may be agreed between the Joint Offerors and such Dissenting Holder.

If a Dissenting Holder invokes the provisions of subsection 223(1) of the CMSA, the Joint Offerors shall acquire such Offer Shares in accordance with the provisions of the CMSA, subject to the provisions of section 224 of the CMSA. In accordance with subsection 224(3) of the CMSA, when a Dissenting Holder exercises his/ her rights under subsection 223(1) of the CMSA, the court may, on an application made by such Dissenting Holder or by the Joint Offerors, order that the terms on which the Joint Offerors shall acquire such Offer Shares shall be as the court thinks fit.

Subsection 223(2) of the CMSA requires the Joint Offerors to give the Dissenting Holders a notice in the manner prescribed under the Rules of the rights exercisable by the Dissenting Holders under subsection 223(1) of the CMSA ("Notice to Dissenting Holders"), within 1 month of the time the Joint Offerors and person(s) acting in concert with them hold not less than nine-tenths (9/10) in the value of all the shares in Maxim Global (including Maxim Global Shares that are already held by the Joint Offerors and person(s) acting in concert with them as at the date of the Offer). A Notice to Dissenting Holders under subsection 223(2) of the CMSA may specify the period for the exercise of the rights of the Dissenting Holders and in any event, such period shall not be less than 3 months after the Closing Date.

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6. FINANCIAL RESOURCES OF THE JOINT OFFERORS

The Joint Offerors have confirmed that they have sufficient financial resources to satisfy full acceptance of the Offer. The Joint Offerors have also confirmed that the Offer would not fail due to insufficient financial capability, and that every Accepting Holder will be paid fully in cash.

UOBKH confirms that the financial resources available to the Joint Offerors are sufficient to satisfy full acceptance under the Offer. UOBKH is therefore satisfied that the Offer will not fail due to insufficient financial capability of the Joint Offerors, and that every Accepting Holder will be paid fully in cash.

7. DISCLOSURE OF INTERESTS IN THE OFFEREE

In accordance with subparagraphs 9.10(3)(d) and 9.10(3)(e) of the Rules, the Joint Offerors hereby disclose that as at the date of this Notice:-

(a) the direct and/ or indirect interests of the Joint Offerors and PACs who hold Maxim Global Shares as at the date of this Notice are as follows:-

Name	Direct		Indirect
	No. of Shares	%*1	No. of Shares	%*1
Joint Offerors
Tan Sri Gan	274,396,068	37.33	-	-
Gan Kuok Chyuan	75,433,358	10.26	15,972,222*2	2.17
Gan Kuok Wei	77,937,376	10.60	-	-
Global Showcase	15,972,222	2.17	-	-
PACs
Tan Sri Datuk Seri Gan Yu Chai	27,250,000	3.71	-	-
Gan Lee Ha	30,415,561	4.14	-	-
Lee Cheh Hian	5,978,061	0.81	-	-
Gan Kok Peng	1,000	negligible	-	-
Nomis Sim Siang Leng	3,305,000	0.45	-	-
Simson Sim Xian Zhi	3,500,000	0.48	-	-
Loh Kah Hing	726,650	0.10	-	-
Lee Chin Hock	586	negligible	-	-
Lee Seng Chai	25,000	negligible	-	-

Notes:-
1 Computed based on 735,032,840 Maxim Global Shares (excluding treasury shares) in issue as at the date of this Notice.
2 Deemed interested by virtue of his shareholdings in Global Showcase pursuant to Section 8 of the Act.

(b) the Joint Offerors and person(s) acting in concert with them have not received any irrevocable undertaking from any Holder to accept or reject the Offer;

(c) the Joint Offerors and person(s) acting in concert with them have not entered into or been granted with any option to acquire the Offer Shares; and

(d) there is no existing or proposed agreement, arrangement or understanding in relation to the Offer Shares between the Joint Offerors and person(s) acting in concert with them and any Holder.

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8. RESPONSIBILITY STATEMENT

The Joint Offerors have seen and approved the issuance of this Notice. The Joint Offerors, collectively and individually, accept full responsibility for the accuracy of the information contained in this Notice and confirm that, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this Notice have been arrived at, after due and careful consideration and there are no other facts not contained in this Notice, the omission of which would make any statement in this Notice false or misleading.

Information relating to Maxim Global in this Notice was obtained from publicly available sources. In this regard, the responsibility of the Joint Offerors is restricted to ensuring that such information has been accurately reproduced in this Notice.

9. PUBLIC RELEASE

In accordance with subparagraphs 9.10(1)(a), 9.10(1)(b)(ii) and 9.10(1)(b)(iii) of the Rules, copies of this Notice will be released to the press and forwarded to the SC and Bursa Securities for public release.

Further details of the Offer will be set out in the Offer Document, which will be despatched to the Holders in due course.

We would be grateful if you would acknowledge receipt by signing and returning to us the duplicate of this Notice.

Yours faithfully

For and on behalf of

UOB KAY HIAN (M) SDN BHD

(formerly known as UOB Kay Hian Securities (M) Sdn Bhd)

NANTHA KUMAR

Director

Co-Head, Corporate Finance

Winston Loh

Director

Corporate Finance

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TO: UOB KAY HIAN (M) SDN BHD
(formerly known as UOB Kay Hian Securities (M) Sdn Bhd)

We, MAXIM GLOBAL BERHAD, hereby acknowledge receipt of this Notice of Unconditional Mandatory Take-Over Offer by the Joint Offerors dated 4 May 2026.

On behalf of the Board of Directors of Maxim Global Berhad:-

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AI assistant

MAXIM GLOBAL BERHAD M&A Activity 2026

71029_rns_2026-05-10_398f8be3-91fa-44d9-9f5b-ba40ddd5aef6.pdf

MAXIM GLOBAL BERHAD

Board of Directors

To: The Shareholders of Maxim Global Berhad

1. INTRODUCTION

Notes:

1. INTRODUCTION

2. THE OFFER