Dear Clients, Investors, and Stakeholders,

We refer to our earlier announcement dated 5 August 2025 and to Labuan FSA’s recent press statement concerning the above-mentioned MOU.

Unauthorised involvement of a former director

Subsequent internal review confirms that the MOU-signing ceremony was organised solely by a then-serving director of MPV, who at the time was an executive director of MPV Capitals Ltd., acting without Board mandate. The event and any representations made there:

• were not authorised by, nor presented to, MPV’s Board of Directors for approval; and
• did not, and do not, form part of MPV’s i-Asset Trust programme or any credit-token activity regulated by Labuan FSA.

Immediate governance action

To preserve corporate integrity and protect stakeholders, the Board resolved on 6 August 2025 to:

1. Remove the Director Concerned from all directorships and management positions within MPV Capitals Ltd. with immediate effect; and
2. Notify the Labuan FSA Companies Registry and all counterparties of this change.

Status of i-Asset Trust and credit-token operations

MPV Capitals Ltd. remains fully licensed and regulated by Labuan FSA. The i-Asset Trust programme continues to operate strictly within the parameters of the Guidelines on Credit-Token Business. The IDC–Eramas MOU has no bearing whatsoever on our products, clients, or regulatory standing.

Ongoing transparency

We will:

* Publish only board-approved communications on our official channels;

* Continue to segregate client monies in trust accounts; and

* Provide quarterly compliance updates to Labuan FSA and investors.

For questions, please contact enquiry@mpvworld.org

Regulatory Disclaimer
“Labuan FSA takes no responsibility for the contents of this document, makes no representations as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this document.

A client/customer is advised to clearly understand the risk(s) of the token issued, seek professional consultancy, if necessary and request for sufficient information to enable them to make a reasonable evaluation of the token issuance.”

Thank you for your continued support.

Sincerely,

Alex Foo Mau Lon,

Director of MPV Groups of Companies