On behalf of the Board of Directors of Oasis ("Board"), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") wishes to announce that the Company proposes to undertake the following:-

i. a diversification of the existing principal activities of Oasis and its subsidiaries ("Oasis Group" or the "Group") to include the provision of event management and public relations services ("Event Management and Marketing Business") ("Proposed Diversification");

ii. a renounceable rights issue of up to 73,583,720 new ordinary shares in Oasis ("Oasis Share(s)" or "Share(s)") ("Rights Share(s)") at an issue price of RM0.10 per Rights Share ("Issue Price"), on the basis of 1 Rights Share for every 2 existing Oasis Shares held, together with up to 73,583,720 free detachable warrants in Oasis ("Warrant(s)") at an exercise price of RM0.10 per Warrant ("Exercise Price") on the basis of 1 Warrant for every 1 Rights Share subscribed for, on an entitlement date to be determined and announced later ("Proposed Rights Issue with Warrants"); and

iii. an exemption for Dato' Sri Tan Ooi Han ("DS Tan"), Oasis Harvest Holdings Sdn Bhd ("OHHSB") and persons acting in concert with them ("PAC(s)") from the obligation to undertake a mandatory take-over offer for all the remaining Oasis Shares and Warrants not already owned by them ("MGO") arising from the completion of the Proposed Rights Issue with Warrants and exercise of the Warrants pursuant to subparagraphs 4.08(1)(b) and 4.08(1)(c) of the Rules on Take-overs, Mergers and Compulsory Acquisitions ("Rules") issued by Securities Commission Malaysia ("SC") ("Proposed Exemption").

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

This announcement is dated 10 April 2026.