Reference is made to the announcements dated 3 February 2025, 3 June 2025, 1 August 2025, 27 October 2025, 5 February 2026 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 in view that the Proposed Acquisition has lapsed by virtue of the lapsing of the SPA dated 3 February 2025, the Proposed Variation is accordingly no longer valid. In this regard, the Company will revert to the utilisation of proceeds in the manner set out in the Company's Prospectus dated 5 January 2024.

In view that the original estimated timeframe for the Proposed Variation had lapsed on 2 November 2025, being 9 months from the date of the SPA, on behalf of the Board, HLIB wishes to announce that the Board had resolved to extend the estimated timeframe by an additional 24 months from the date of this announcement for the utilisation of proceeds for its business expansion purposes as set out in the Prospectus, comprising (i) the expansion of the cooling energy segment of offices in Malaysia, Thailand and Singapore; and (ii) expansion of offices in Malaysia, Thailand and Singapore.

Please refer to the attachment for further details.

This announcement is dated 16 March 2026.