Reference is made to the announcements dated 3 February 2025, 3 June 2025, 1 August 2025, 27 October 2025 and the circular to the shareholders of KJTS dated 9 May 2025 in relation to the Proposals (“Circular”). Unless otherwise stated, words and phrases used in this announcement shall have the same meaning as defined in the Circular.

On behalf of the Board, HLIB wishes to announce that two (2) of the Conditions Precedent under the SPA have neither been fulfilled nor waived by the parties by the expiry of the extended Long Stop Date of 3 February 2026. Thereafter, following the receipt of a notice from the Vendor on 4 February 2026, the SPA dated 3 February 2025 has lapsed on even date.

Based on the terms of the SPA, Malakoff shall refund the full Deposit to KJ Technical Services within 5 business days from the date of lapsing of the SPA. Thereafter, each Party shall have no further claim against the other, save for any antecedent breach in respect of the SPA. The lapsing of the SPA is not expected to have any material impact on the Company’s earnings per Share and net assets per Share.

In relation to the proceeds of approximately RM44.4 million allocated for the Proposed Acquisition, the revised use of such proceeds has yet to be determined at this juncture. Upon determination of the variation of the use of proceeds, the Company will make the relevant announcements and will obtain the relevant shareholders’ approval at a general meeting, if required, in accordance with the Listing Requirements.

This announcement is dated 5 February 2026.