Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Circular to Shareholders on 11 March 2026 in relation to the Proposals.
On behalf of the Board, HLIB wishes to announce that SAM and the Vendor had, vide a letter of extension of time dated 19 June 2026, mutually agreed to the extension of the time period for the fulfillment of the conditions precedent as stated in the JNST SSA for an additional period of 90 days, up to 7 October 2026 and the Completion Date of JNST SSA to on or before 30 November 2026.
Save for the above, all other terms and conditions of the JNST SSA remains unchanged, in full force, and continue to take effect and be binding on the parties to the JNST SSA.
This announcement is dated 19 June 2026.