PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN BINA GEMILANG BERSATU SDN BHD ("BGB") FROM KENNY RONALD NGALIN AND GEORGE HENRY (COLLECTIVELY, THE "VENDORS") FOR A PURCHASE CONSIDERATION OF RM10.0 MILLION ("PURCHASE CONSIDERATION") TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF 50,000,000 NEW ORDINARY SHARES IN OVH ("OVH SHARES" OR "SHARES") AT AN ISSUE PRICE OF RM0.20 PER SHARE ("ISSUE PRICE") ("CONSIDERATION SHARES") ("PROPOSED ACQUISITION")

PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF OVH AND ITS GROUP OF SUBSIDIARIES ("OVH GROUP" OR "GROUP") TO INCLUDE CONSTRUCTION BUSINESS AND RELATED ACTIVITIES ("CONSTRUCTION BUSINESS") ("PROPOSED DIVERSIFICATION")