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

i. a private placement of up to 30% of the total number of issued shares of Salutica ("Salutica Share(s)" or "Share(s)") (excluding treasury shares, if any) ("Placement Share(s)") to third party investor(s) to be identified later at an issue price to be determined and announced later ("Proposed Private Placement"); and

ii. a diversification of the existing principal activities of Salutica and its subsidiary ("Salutica Group" or the "Group") to include the business of property development, construction and construction related activities, including design-and-build works and the trading and supply of construction materials, as well as property management and property investment ("Property and Construction Business") ("Proposed Diversification").

The Proposed Private Placement and Proposed Diversification are collectively referred to as the "Proposals".

For the avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act, 2016 ("Act") but that the Proposed Private Placement is subject to, amongst others, the specific approval of the shareholders of Salutica at an extraordinary general meeting of Salutica ("EGM") to be convened.

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

This announcement is dated 7 October 2026.