BURSA ANNOUNCEMENTS

On behalf of the Board of Directors of HIB (“Board”), MIDF Amanah Investment Bank Berhad (“MIDF Investment”) wishes to announce that HIB, through Sin Chee Heng Sdn Bhd, a wholly-owned subsidiary of HIB and PK Fertilizers Sdn Bhd, an indirect wholly-owned subsidiary of HIB (collectively, the “Subsidiaries”), respectively entered into 2 conditional sale and purchase agreements (“SPAs”) with Pacific Trustees Berhad (“Pacific Trustee”), being the trustee of KIP Real Estate Investment Trust, on 29 August 2024, for the disposals of:

(a) a parcel of land together with the buildings erected thereon held under title No. HSM 13156, PT 23677, located in the Mukim of Cheras, District of Ulu Langat, State of Selangor; and

(b) the remaining unexpired period of a lease created over a parcel of land together with the buildings erected thereon held under title No. GRN 489953, Lot No. 66247, located in the Mukim of Plentong, District of Johor Bahru, State of Johor

(collectively referred to as the “Properties”) to Pacific Trustee, for a total cash consideration of RM45.90 million.

Simultaneously with the execution of the SPAs, the Subsidiaries will respectively enter into the tenancy agreements in-escrow with Pacific Trustees for the Properties for 12 years and 15 years, respectively.

In addition to the above, HIB, through Hextar Solutions Sdn Bhd, an indirect wholly-owned subsidiary of HIB, entered into a tenancy agreement in-escrow with Pacific Trustees for the rental of a parcel of land together with the buildings erected thereon held under title No. Lot 3122 Block 26, Kemena Land District, TRN 09-LCLS-032-026-03122, Locality of Jalan Kidurong, Division of Bintulu, State of Sarawak from KIP REIT for 15 years.

Further details of the Proposals are set out in the attachment below.

This announcement is dated 29 August 2024.