MAGT HOLDING SDN. BHD.

MAG Holdings Berhad ("MAG" or the “Company” and together with its subsidiaries, the “Group”) is currently an aquaculture-based food producer listed on the ACE Market of Bursa Malaysia Securities Berhad. MAG, the acronym for “Malaysian Aquaculture Group”, assumed its present name on 7 August 2020 to better reflect its present principal business in aquaculture. MAG was incorporated in Malaysia under the Companies Act 2016 (then the Companies Act 1965) on 20 February 2004 as a private limited company under the name of Key West Global Telecommunications Sdn Bhd and changed its name to Key West Global Telecommunications Berhad when it turned into a public company. In 2014, the Company changed its name to XingHe Holdings Berhad when the Company completed the acquisition of Supreme Global Group Limited group whose principal operating unit, Henan XingHe Oil and Fat Company Ltd, is a China-based company involved in edible vegetable oil business. In 2019, the Group reduced its investment in the edible vegetable oil business in China and diversified into prawn aquaculture business in Malaysia. The MAG Group today is a leading prawn aquaculture player in Malaysia with a strength of 235 cultivation ponds and a processing plant that is capable of processing the harvests from both North Cube Farm and Wakuba Farm into finished products, serving the needs of international and regional consumers. MAG Holdings Berhad is a Malaysia-based investment holding company engaged in producing aquaculture-based food. The Company and its subsidiaries are principally involved in the live prawn aquaculture business.