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COMPANY ANNOUNCEMENTS

Article Entitled: "Widespread hacks hit stock trading accounts in Malaysia"

N2N CONNECT BERHAD

Particulars of substantial Securities Holder

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-25042025-00001
Subject Article Entitled: "Widespread hacks hit stock trading accounts in Malaysia"
Description ARTICLE ENTITLED "WIDESPREAD HACKS HIT STOCK TRADING ACCOUNTS IN MALAYSIA"
Query Letter Contents

We refer to the above media article appearing in The Edge Malaysia dated 25 April 2025, a copy of which is enclosed for your reference.

In particular, we would like to draw your attention to the underlined sentences which are reproduced as follows :- “Malaysia has two main providers of di rect market access platform services for stockbroking firms: N2N Connect Bhd (KL:N2) and Excel Force MSC Bhd (KL:EFORCE). Following the hacking incident, N2N reportedly sent a note to its clients out lining several recommended security measures, including blocking identified high-risk IP addresses and implementing geo-blocking for non-Malaysian IPs.”

In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major shareholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.

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

Yours faithfully
Listing Regulation

Cc : Market Surveillance Dept., Securities Commission

We refer to the above media article appearing in The Edge Malaysia dated 25 April 2025, a copy of which is enclosed for your reference.

In particular, we would like to draw your attention to the underlined sentences which are reproduced as follows :- “Malaysia has two main providers of di rect market access platform services for stockbroking firms: N2N Connect Bhd (KL:N2) and Excel Force MSC Bhd (KL:EFORCE). Following the hacking incident, N2N reportedly sent a note to its clients out lining several recommended security measures, including blocking identified high-risk IP addresses and implementing geo-blocking for non-Malaysian IPs.”

In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major shareholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.

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

Yours faithfully
Listing Regulation

N2N CONNECT BERHAD ("N2N" or "the Company") refers to the article entitled “Widespread hacks hit stock trading accounts in Malaysia” appearing in The Edge Malaysia dated 25 April 2025, specifically the following excerpt:

“Malaysia has two main providers of direct market access platform services for stockbroking firms: N2N Connect Bhd (KL:N2) and Excel Force MSC Bhd (KL:EFORCE). Following the hacking incident, N2N reportedly sent a note to its clients outlining several recommended security measures, including blocking identified high-risk IP addresses and implementing geo-blocking for non-Malaysian IPs.”

The Company wishes to confirm that:

  1. N2N Connect Berhad issued advisory communications to its stockbroking clients recommending the implementation of additional precautionary measures, including the blocking of identified high-risk IP addresses and optional geo-blocking of non-Malaysian IPs, to strengthen account security.
  2. As part of broader risk mitigation efforts, N2N also advised its clients to require all their end-users to perform mandatory password resets. This recommendation was made in accordance with industry best practices in cybersecurity to enhance vigilance and does not imply any compromise of client credentials or N2N’s system infrastructure.
  3. These measures were undertaken proactively to reinforce security posture following incidents reported by certain brokers regarding unauthorized trading activities.
  4. In line with responsible risk management, the Company has carried out additional validation exercises, and based on these efforts to date, has found no evidence of compromise to its system security.
  5. N2N Connect Berhad continues to cooperate fully with regulatory authorities and clients, and has initiated additional internal reviews to further strengthen security safeguards.

The Company remains committed to upholding the security and integrity of its systems and services, and to maintaining transparency and trust with all stakeholders.

The incident has not had, and is not expected to have, any material financial or operational impact on the Company and the Group.

This announcement is dated 27 April 2025.