Announcement • Jun 05
Radium Development Berhad Announces Resignation of Lee Wei Jin as Chief Financial Officer, Effective June 5, 2026 Radium Development Berhad announced that Mr. Lee Wei Jin resigned from the position of Chief Financial Officer, effective June 5, 2026. Mr. Lee Wei Jin is 43 years old and holds Malaysian nationality. He holds a Professional Qualification in Accounting from the Malaysian Institute of Accountants (MIA) and is a member. He also holds a Bachelor in Accounting (Hons.) from Multimedia University. He has accumulated more than 20 years of extensive experience in the field of auditing, accounting, financial reporting, financial forecasting and budgeting, treasury management and corporate exercises in various organisation. He began his professional journey as an auditor, where he held multiple roles in esteemed audit firms before transitioning to the commercial sector in 2012. Subsequently, he ascended to senior management positions including Finance Manager, Head of Finance and Chief Financial Officer in several publicly listed companies. His diverse industry experience covers the industry of property development, construction, food and beverage, manufacturing, trading, information and communication technology. He joined Radium Group in 2023 as Deputy Chief Financial Officer and was subsequently redesignated as Chief Financial Officer. He was responsible for overseeing the overall accounting and finance functions of the Group. The reason for his resignation was to pursue his personal interest. New Risk • May 30
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (64% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 23
First quarter 2026 earnings released: EPS: RM0.001 (vs RM0.001 in 1Q 2025) First quarter 2026 results: EPS: RM0.001 (in line with 1Q 2025). Revenue: RM70.8m (up 77% from 1Q 2025). Net income: RM4.62m (up 149% from 1Q 2025). Profit margin: 6.5% (up from 4.6% in 1Q 2025). The increase in margin was driven by higher revenue. 
