On behalf of the Board of Directors of OIB ("Board"), RHB Investment Bank Berhad ("RHB Investment Bank") wishes to announce that the Company has, on 27 July 2026, entered into a conditional share sale and purchase agreement ("SSPA") with LLSB 1980 Holdings Sdn Bhd ("LLSB" or the "Vendor") for the proposed acquisitions of:

(i) a total of 30,000,000 ordinary shares in Chin Hin (Jitra) Sendirian Berhad ("CHJSB") ("CHJSB Shares"), representing 100.00% equity interest in CHJSB; and

(ii) a total of 6 ordinary shares in CHJ Motor Holdings Sdn Bhd ("CMHSB") ("CMHSB Shares"), representing 100.00% equity interest in CMHSB,

from the Vendor for an aggregate purchase consideration of RM280.00 million ("Purchase Consideration") to be satisfied via a combination of:

(a) the allotment and issuance of 76,923,077 new ordinary shares in OIB ("Consideration Shares") at an issue price of RM1.30 per Consideration Share; and

(b) the allotment and issuance of 180,000,000 new redeemable non-convertible preference shares in OIB ("Consideration RPS") at an issue price of RM1.00 per Consideration RPS.

(referred to as the "Proposed Acquisitions")

Further, the Company is also proposing to amend its Constitution to facilitate the allotment and issuance of the Consideration RPS pursuant to the Proposed Acquisitions ("Proposed Amendments").

(The Proposed Acquisitions and Proposed Amendments are collectively referred to as the "Proposals")

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

This announcement is dated 27 July 2026.