1. INTRODUCTION

The Board of Directors of the Company is pleased to announce that Steel Hawk had on 6 March 2026 incorporated four (4) new wholly-owned subsidiaries under the Companies Act 2016 (“the Incorporation”), as follows:-

1. Steel Hawk Digital Sdn Bhd (“SHDGSB”);
2. Steel Hawk Infrastructure Sdn Bhd (“SHISB”);
3. Steel Hawk Manufacturing Sdn Bhd (“SHMSB”); and
4. Steel Hawk Utility Sdn Bhd (“SHUSB”).

collectively reffered as to the "New Subsidoaries".

2. INFORMATION ON THE WHOLLY-OWNED SUBSIDIARIES

3. RATIONALE OF THE INCORPORATION

The purpose of the Incorporation is to facilitate Steel Hawk’s future expansion plan and operations.

4. FINANCIAL EFFECTS

The Incorporation will not have any material effect on the issued share capital of the Company and the substantial shareholders’ shareholding, and is not expected to have any material effect on the earnings per share, net asset per share and gearing of the Company for the financial year ending 31 December 2026.

5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of Steel Hawk has any direct or indirect interest in the Incorporation save that Dato’ Sharman Kristy A/L Michael and Salimi bin Khairuddin, who are Executive Directors of Steel Hawk, have been appointed as Directors of the New Subsidiaries.

6. APPROVALS REQUIRED

The Incorporation is not subject to the approval of the shareholders of the Company or any other relevant authorities.

7. STATEMENT BY DIRECTORS

The Board of Directors of the Company, having considered all aspects of the Incorporation, is of the opinion that the Incorporation is in the best interest of the Company.

This announcement is dated 6 March 2026.