Summary:

• MSM International Limited has completed its previously announced subscription for 42,858 new shares in X Miles Sdn Bhd via wholly owned subsidiary GCC Capital Sdn Bhd, securing a 30% equity stake in the enlarged share capital​

• The total cash consideration of RM1,000,000 is unchanged, but, due to technical limits of the business registration portal, the remaining tranches have been slightly rounded: about RM250,002 of fixed consideration is now due by 29 June 2026, and around RM499,998 of conditional consideration will be payable within six months after X Miles meets agreed FY2026–FY2028 performance conditions​

• The first fixed tranche of RM250,000 has already been paid, the new shares have been allotted to GCC, and MSM has appointed a board representative to X Miles, which will now be treated as an associated company of the group​