Pursuant to Paragraph 6.11(7) of the LEAP Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of MCOM ("the Board") wishes to announce that the Company has on 27 October 2022, received a notice in writing pursuant to Section 281 of the Companies Act 2016 ("the Act") from Crowe Malaysia PLT ("Crowe") on their resignation as External Auditors of the Company. Crowe’s term of office as External Auditors of the Company shall end on 27 October 2022 pursuant to Section 281(2) of the Act.

Crowe were re-appointed as the Auditors of the Company at the 5th Annual General Meeting ("AGM") of the Company held on 29 June 2022 to hold office until the conclusion of the next AGM of the Company. The resignation of Crowe is on a voluntary basis and as part of an ongoing efforts of the Company in assessing, among others, the appropriateness of audit fees of the External Auditors.

Save for the above, the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.

The Board also wishes to announce that the members of the Board had decided to appoint Messrs UHY as the External Auditors after assessing their capabilities, independence and proposed audit fees.

The appointment of Messrs UHY as the new Auditors of the Company is subject to the Company receiving the written consent to act as Auditors of the Company from Messrs UHY pursuant to Section 264(5) of the Act.

Further announcement will be made by the Company once the written consent has been received.

This announcement is dated 27 October 2022.