Dear Editor,

For ease of reference in this letter, “ALP” refers to Mr Ang Lam Poah, and “TTB” refers to Talam Transform Bhd (KL:TALAMT)

I wish to clarify several points in respect of an article published in The Edge Weekly of July 4, 2026, entitled The Feud at Talam Transform.

I am providing transparency in response to the statements made by ALP.

ALP has attempted to question my credibility through the allegations made in this article.

Yes, the intention was the disposal of a 20% shareholding by my family and I, to ALP and his faction, at a combined 35 sen per share. I had set a price of 35 sen as I am disposing of a majority block in the company.

While it is true he paid a sum of RM500,000, this was a “non-refundable 90-day option to purchase". However, he did not exercise the option.

On the May 14, 2026 EGM (extraordinary general meeting) issue: we complied with the Court Consent Order, which states that the EGM would be convened not later than June 30, 2026. Consultation on date and venue was not part of the Consent Order. ALP's lawyer wrote to TTB's solicitor as early as April 20, 2026, to enquire on the date of the EGM and it was replied to ALP's lawyers on April 21, 2026, that the EGM would be held tentatively in May and that the scrutineers would be independent, with the name given in the same letter. Neither ALP nor his lawyers reverted or objected to this reply. It was only once the EGM notice was announced on April 27, 2026, and issued to TTB's shareholders that ALP's lawyer then replied, by letter dated May 4, 2026, asking TTB to adjourn the EGM fixed for May 14, 2026, and to resend a new notice of meeting for a date between June 22 and 26, 2026 — which was unrealistic, as the notice had already been dispatched to more than 16,600 shareholders.

In your article, ALP stated that TTB's management did not give him and his faction any assistance with respect to due diligence, nor any records requested, as per ALP's statement: "They don't want to give us the records … nothing. We have not seen any documents until today.” This claim does not hold up. All the information requested was provided to his faction via his own son, Mr William Ang, and his lawyer, Datuk Seri Krishna Kumar; the information was also granted to his auditors, UHY, and the due diligence lawyers, Messrs Chiang & Arif. In addition, his son, Mr William Ang, and Miss Loo Foong Luan (daughter of Mr Loo Leong Fatt and also one of the requisitionists), who were appointed deputy CEOs, were privy to all information they required, as they attended all the meetings. Miss Loo Foong Luan was also placed in almost all departments to understudy and was granted access to all documents and records.

On the allegation that I am under stress because TA Enterprise Bhd and Insas Bhd are pressuring for payment: this is a company matter, and as a non-independent, non-executive director, I do not manage TTB's daily operations, and I have never received any pressure from TA or Insas about the loan. I am sure ALP should know the difference between a shareholder's role and TTB's obligations. In any event, TTB's management had already obtained an extension letter in March 2025 for the said loans, to be extended to May 2026 and April 2026, respectively. ALP and his faction only subscribed to the private placement in August 2025, which was well after that extension had been approved.

Through the private placement completed in August 2025, I demonstrated good faith in this matter, as it was interrelated with agreements based on terms and conditions we had already mutually agreed upon. ALP subsequently, six months after the term sheet and having failed to secure sufficient financing to pay for the full purchase consideration, presented, through his lawyer in November 2025, an ultimatum on new terms and conditions, on the basis that the transaction would be terminated if I did not accept them. He gave me three days to accept these terms. As those terms were unacceptable to me, I have considered this transaction to have lapsed.

To put things into perspective, ALP owns 0.8% (1,000,000 shares) of TTB's shares, and together with his shares pledged to M&A Nominee (Tempatan) Sdn Bhd, his total shareholding is under 4%. Once his partner, Mr Loo, and Mr Loo's daughter are added, the ALP faction holds 12.62%. This minority faction is holding the majority shareholder and all other shareholders at ransom. By his own admission, ALP wants 35 sen for his minority block, which he bought for 10.8 sen — a return of 3.24 times, which is excessive by any standard.

I hope this clarifies the issues raised by ALP.

Yours sincerely,

Puan Sri Thong Nyok Choo
Non independent non-executive director
Talam Transform Bhd