We wish to announce that HI-CE had expired at 9.00 a.m. on 24 August 2026 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of HI-CE exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of HI-CE exercised x (1/3) x (RM1.7850 - RM2.8800) 
= Number of HI-CE exercised x RM0.0000 

The Closing Price of RM1.7850 is the average daily volume weighted average price (VWAP) of the ordinary shares of HI on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The HI-CE is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised HI-CE will cease to be valid and all our obligations in respect to HI-CE shall terminate absolutely.

This announcement is dated 24 August 2026.