At the 14th Annual General Meeting ("AGM") held on 30 July 2025, the Company had obtained its shareholders' approval to enter into recurrent related party transactions of a revenue or trading nature with its related parties ("Shareholders' Mandate"). The Shareholders' Mandate will lapse at the conclusion of its forthcoming 15th AGM unless it is renewed.

The Board of Directors of VTEB wishes to announce that the Company intends to seek approval from its shareholders for the Proposed Shareholders' Mandate at the forthcoming 15th AGM of the Company.

A circular containing the details of the Proposed Shareholders' Mandate will be issued to the shareholders of the Company in due course.

This announcement is dated 21 May 2026.