On behalf of the Board of Directors of BHIC ("Board"), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") is pleased to announce that Boustead Penang Shipyard Sdn Bhd ("BPS"), a wholly-owned subsidiary of the Company, had on 31 March 2026 entered into a conditional sale and purchase agreement ("SPA") with Karya Koperat Sdn Bhd ("KKSB" or the "Purchaser") for the disposal of three (3) adjoining parcels of mixed industrial and building land legally identified as Lot Nos. 3222, 9777, and 20238, Title Nos. PN 649, HSD 6981, and HSM 3558, respectively, Mukim of 13, District of Timor Laut, Pulau Pinang (collectively, the "Subject Properties") for a total disposal consideration of RM28.00 million ("Disposal Consideration") to be satisfied entirely via cash ("Proposed Disposal").

Please refer to the attachment for further details of the Proposed Disposal.

This announcement is dated 31 March 2026.