Ranhill Utilities : Notice 10th AGM

NOTICE OF

ANNUAL GENERAL MEETING

RANHILL UTILITIES BERHAD

Registration No. 201401014973 (1091059-K)

(Incorporated in Malaysia)

NOTICE IS HEREBY GIVEN that the Tenth (10th) Annual General Meeting ("AGM") of Ranhill Utilities Berhad ("Ranhill" or "the Company") will be held on 25 June 2024, Tuesday at 2.30 p.m. at Ballroom 1 & 2, Intercontinental Kuala Lumpur, 165, Jalan Ampang, 50450 Kuala Lumpur or any adjournment thereof, for the purpose of considering, and if thought fit, passing the following business:-

AGENDA

As Ordinary Business

1.	To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with	Note 1
	the Directors' and Auditors' Reports thereon.

2. To re-elect the following Directors who retire in accordance with Clause 111 of the Company's Constitution, and are being eligible, have offered themselves for re-election:

(a) Tan Sri Hamdan Mohamad	Ordinary Resolution 1
(b)	Mr Lim Hun Soon @ David Lim	Ordinary Resolution 2
(c)	Ms Leow Peen Fong	Ordinary Resolution 3

3. To re-elect the following Directors who retire in accordance with Clause 93 of the Company's Constitution, and are being eligible, have offered themselves for re-election:

	(a)	YB Dato' Ramlee A Rahman	Ordinary Resolution 4
	(b)	Cik Imaan Aiysha Hamdan	Ordinary Resolution 5
	(c)	Encik Jeffrey Bosra	Ordinary Resolution 6
4.	To approve the payment of Directors' fees and benefits to the Non-Executive Directors of the Company	Ordinary Resolution 7
	from the conclusion of this Annual General Meeting up till the conclusion of the next Annual General
	Meeting of the Company.
5.	To re-appoint Messrs Deloitte PLT as Auditors of the Company for the ensuing year and to authorise the	Ordinary Resolution 8
	Directors to fix their remuneration.

As Special Business

To consider and if thought fit, to pass the following as Ordinary Resolutions:-

6.	Continuation in Office as Independent Director	Ordinary Resolution 9
	"THAT approval be and are hereby given for Encik Abu Talib Abdul Rahman to continue to act as
	Independent Director of the Company for the period from 1 December 2024 up till the conclusion of the
	next Annual General Meeting."
7.	Authority To Allot And Issue Shares Pursuant To Sections 75 And 76 Of The Companies Act, 2016	Ordinary Resolution 10

"THAT the Directors be and are hereby empowered, pursuant to Sections 75 and 76 of the Companies Act 2016 ("the Act"), to issue and allot shares in the Company, at any time, to such persons and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit including in pursuance of offers, agreements or options to be made or granted by the Directors while this approval is in force, and that the Directors be and are hereby further authorised to make or grant offers, agreements or options in respect of shares in the Company including those which would or might

1

NOTICE OF

ANNUAL GENERAL MEETING

require shares in the Company to be issued after the expiration of the approval hereof provided that the aggregate number of shares to be issued pursuant to this approval does not exceed ten percent (10%) of the total number of issued shares of the Company for the time being (excluding treasury shares, if any) and that the Directors be and are also empowered to obtain the approval for the listing of and quotation for the additional shares so issued on stock exchange Bursa Malaysia and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company, subject always to the Act, the Constitution of the Company, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") and the approvals of all relevant regulatory bodies being obtained (if required);

AND THAT in connection with the above, pursuant to Section 85 of the Act to be read together with Clause 61 of the Company's Constitution, the shareholders of the Company do hereby waive their pre-emptive rights over all new shares, options over or grants of new shares in the Company and/or any new shares to be issued pursuant to such options, grants or such new shares when issued, to rank pari passu with existing issued shares in the Company."

1. Proposed Renewal Of The Authority To Allot New Ordinary Shares In The Company ("New Ranhill Shares") For The Purpose Of a Dividend Reinvestment Plan ("DRP") That Provides The Shareholders Of The Company The Option To Elect To Reinvest Their Cash Dividend ("Proposed Renewal Of DRP")
   "THAT pursuant to the DRP as approved by the Shareholders at the Extraordinary General Meeting held on 11 April 2019 and subject to the approval of the relevant regulatory authority (if any), approval be and is hereby given to the Company to allot and issue such number of New Ranhill Shares from time to time as may be required to be allotted and issued pursuant to the DRP until the conclusion of the next Annual General Meeting of the Company upon terms and conditions and to such persons as the Directors of the Company may, in their absolute discretion, deem fit and in the best interest of the Company PROVIDED THAT the issue price of the said New Ranhill Shares shall be fixed by the Directors at not more than ten percent (10%) discount to the adjusted five (5)-dayvolume-weighted average market price ("VWAP") of New Ranhill Shares immediately prior to the price-fixing date, of which the VWAP shall be adjusted ex- dividend before applying the aforementioned discount in fixing the issue price of New Ranhill Shares;
   AND THAT the Directors and the Secretary of the Company be and are hereby authorised to do all such acts and enter into all such transactions, arrangements, deeds, undertakings and documents as may be necessary or expedient in order to give full effect to the DRP with full power to assent to any conditions, modifications, variations and/or amendments as may be imposed or agreed to by any relevant authorities (if any) or consequent upon the implementation of the said conditions, modifications, variations and/or amendments, by the Directors as they, in their absolute discretion, deem fit and in the best interest of the Company."
2. Proposed Renewal Of Share Buy-Back Authority
   "THAT subject to the rules, regulations, orders and guidelines made pursuant to the Companies Act 2016 ("the Act"), provisions of the Constitution of the Company and the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") and the approvals of any relevant regulatory authorities and parties, the Company be and is hereby authorised to purchase on the market and/or hold such number of the Company's issued ordinary shares ("Ranhill Shares") through Bursa Securities ("Proposed Share Buy-Back") as may be determined by the Directors of the Company from time to time upon such terms and conditions as the Directors may deem fit, necessary and expedient in the interest of the Company subject to the following:-

Ordinary Resolution 11

Ordinary Resolution 12

2

NOTICE OF

ANNUAL GENERAL MEETING

(a)	the aggregate number of Ranhill Shares which may be purchased and/or held by the Company at
	any point of time pursuant to the Proposed Share Buy-Back shall not exceed ten percent (10%) of
	the total number of issued shares of the Company for the time being quoted on Bursa Securities;
(b)	the maximum funds to be allocated by the Company for the Proposed Share Buy-Back shall not
	exceed the retained earnings of the Company at the time of such purchase; and
(c)	the authority conferred by this resolution will be effective immediately upon the passing of this
	Ordinary Resolution and will expire at the conclusion of the next Annual General Meeting of the
	Company, unless renewed or earlier revoked or varied by ordinary resolution of the shareholders
	of the Company in a general meeting or the expiration of the period within which the next Annual
	General Meeting after the date is required by law to be held, whichever occurs first, but not so as
	to prejudice the completion of purchase(s) by the Company before the aforesaid expiry date and,
	in any event, in accordance with the provisions of the Main Market Listing Requirements of Bursa
	Securities or any other relevant authorities;
THAT the Directors be and are hereby authorised to deal with the shares purchased by the Company
pursuant to the Proposed Share Buy-Back in their absolute discretion and that the shares so purchased
may be retained as treasury shares, distributed as share dividends to the shareholders, resold on the
market of Bursa Securities, transferred and/or cancelled in accordance with the Act and/or be dealt with
in such other manner as prescribed by the Act, rules, regulations and orders made pursuant to the Act,
the Main Market Listing Requirements of Bursa Securities and any other relevant authorities for the time
being in force, as may be selected and determined by the Directors from time to time;
AND THAT the Directors be and are hereby authorised to take all steps as are necessary or expedient
to implement or to give effect the Proposed Share Buy-Back with full powers to amend and/or assent
to any conditions, modifications, variations or amendments (if any) as may be imposed by the relevant
governmental/regulatory authorities from time to time and to do all such acts and things as they may
deem necessary or expedient in order to implement, finalise and give full effect in relation thereto."
10. Proposed Renewal Of Shareholders' Mandate For Recurrent Related Party Transactions ("Renewal	Ordinary Resolution 13
RRPT") Of A Revenue Or Trading Nature ("Proposed Renewal Of Shareholders' Mandate")

"THAT subject to the provisions of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company and/or its subsidiary companies ("the Group") be and are hereby authorised to enter into and give effect to the recurrent related party transactions of a revenue or trading nature with the related parties as set out in Section 2.5 Part B of the Circular to Shareholders dated 2 May 2024 ("the Related Parties") provided that such transactions are:-

1. necessary for the day-to-day operations;
2. undertaken in the ordinary course of business and at arm's length basis and on normal commercial terms which are not more favourable to the Related Parties than those generally available to the public; and
3. are not prejudicial to the minority shareholders of the Company.

("the Shareholders' Mandate")

3

NOTICE OF

ANNUAL GENERAL MEETING

THAT such approval shall continue to be in force until:

1. the conclusion of the next Annual General Meeting ("AGM") of the Company following this AGM at which the Shareholders' Mandate is passed, at which time it will lapse, unless by a resolution passed at such AGM whereby the authority is renewed; or
2. the expiration of the period within which the next AGM after that date is required to be held pursuant to Section 340(1) of the Companies Act 2016 ("the Act") (but shall not extend to such extension as may be allowed pursuant to Section 340(4) of the Act); or
3. is revoked or varied by resolution passed by shareholders in a general meeting,

whichever is the earliest;

THAT the Directors of the Company be and are hereby authorised to complete and do all such acts and things (including executing all such documents as may be required) as they may consider expedient or necessary to give effect to the Shareholders' Mandate;

AND THAT the estimated value of the recurrent related party transactions specified in Section 2.5 Part B of the Circular being provisional in nature, the Directors of the Company be and are hereby authorised to agree to the actual amount(s) thereof provided always that such amount(s) comply with the review procedures set out in Section 3.0 Part B of the Circular.

11. To transact any other business of which due notice shall have been given in accordance with the

Companies Act 2016 and the Constitution of the Company.

BY ORDER OF THE BOARD

LAU BEY LING (MAICSA 7001523) (PC No. 201908004064)

LEONG SHIAK WAN (MAICSA 7012855) (PC No. 202008002757)

Company Secretaries

Johor Bahru

2 May 2024

4

NOTICE OF

ANNUAL GENERAL MEETING

MEMBERS ENTITLED TO ATTEND AND PARTICIPATE

In respect of deposited securities, only a member whose name appears in the General Meeting Record of Depositors as of 18 June 2024, Tuesday shall be entitled to attend, participate, speak and vote at the 10th AGM.

NOTES ON THE APPOINTMENT OF PROXY

1. A member of the Company entitled to attend, participate, speak and vote at this meeting is entitled to appoint not more than two (2) proxies to attend and vote on his/her behalf except in the circumstances set out in notes 3 and 4 below. A proxy may but need not be a member of the Company. There shall be no restriction as to the qualification of the proxy.
2. Where a member appoints more than one (1) proxy, each proxy appointed, shall represent a minimum of 100 shares and such appointment shall be invalid unless he/she specifies the proportion of his/her shareholding to be represented by each proxy.
3. Where a member who is an authorised nominee as defined under the Securities Industry (Central Depositors) Act, 1991 ("SICDA"), it may appoint not more than two (2) proxies in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account.
4. Where a member of the Company is an exempt authorised nominee which holds ordinary shares in the Company for multiple beneficial owners in one securities account ("omnibus account"), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds to vote instead of it, and that a proxy need not also be a member and that where a member appoints more than one proxy, the appointments shall be invalid unless it specifies the proportion of its holdings to be represented by each proxy.
5. An exempt authorised nominee refers to an authorised nominee defined under the SICDA which is exempted from compliance with the provisions of subsection 25A(1) of SICDA.
6. The instrument appointing a proxy shall be in writing under the hand of the appointer or his/her attorney duly authorized in writing or if such appointer is a corporation, it must be under its seal or under the hand of an officer or attorney duly authorized by the corporation.
7. The instrument appointing a proxy must be deposited to the Company's Share Registrar, Boardroom Share Registrars Sdn. Bhd. ("Boardroom") whether in hard copy or by electronic means in the following manner not later than twenty-four (24) hours from the date of the 10th AGM i.e. by 24 June 2024, Monday at 2.30 p.m.:-
8. 1. In Hard copy:
      By hand or post to the office of Boardroom at Boardroom Share Registrars Sdn. Bhd. at 11th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor Darul Ehsan.
   2. By Electronic means:
   3. • Via email at [e-mail]; or
      • Via Boardroom Smart Investor Portal at https://investor.boardroomlimited.com. Please refer to the Administration Guide of the 10th AGM for registration procedures.

OTHERS

8. Pursuant to Paragraph 8.29A (1) of the Listing Requirements of Bursa Malaysia Securities Berhad, all the resolutions set out in the Notice of the 10th AGM will be put to vote by way of poll. Poll Administrator and Independent Scrutineers will be appointed to conduct the polling/e-polling process and verify the results of the poll respectively.

5

NOTICE OF

ANNUAL GENERAL MEETING

Personal data privacy:-

By submitting an instrument appointing a proxy(ies) and/or corporate representative(s) and/or attorney(s) to attend, speak and vote at the 10th AGM and/or any adjournment thereof, a member of the Company (i) consents to the collection, use and disclosure of the member's personal data by the Company (or its agents) for the purpose of the processing and administration by the Company (or its agents) of proxies and representatives appointed for the 10th AGM (including any adjournment thereof) and the preparation and compilation of the attendance lists, minutes and other documents relating to the 10th AGM (including any adjournment thereof), and in order for the Company (or its agents) to comply with any applicable laws, listing rules, regulations and/or guidelines (collectively, the "Purposes"), (ii) warrants that where the member discloses the personal data of the member's proxy(ies) and/or representative(s) to the Company (or its agents), the member has obtained the prior consent of such proxy(ies) and/or representative(s) for the collection, use and disclosure by the Company (or its agents) of the personal data of such proxy(ies) and/or representative(s) for the Purposes, and (iii) agrees that the member will indemnify the Company in respect of any penalties, liabilities, claims, demands, losses and damages as a result of the member's breach of warranty.

EXPLANATORY NOTES

1. The Audited Financial Statements for the financial year ended 31 December 2023
   The Audited Financial Statements under Agenda 1 are laid in accordance with Section 340(1) of the Companies Act 2016 for discussion only. They do not require the approval of the members and hence, this agenda will not be put forward for voting.
2. Ordinary Resolutions 1, 2, 3, 4, 5 & 6 - Re-election of directors under Clause 111 and Clause 93 of the Company's Constitution
   The Board via the Nominating and Remuneration Committee ("NRC") has reviewed and assessed the retiring directors' performance through the Board annual assessment conducted for the financial year ended 31 December 2023, their fitness and propriety in accordance with the Company's Directors' Fit and Proper Policy, independent criteria and conflict of interest assessment.
   The Board was satisfied with the performance, contribution and effectiveness of the retiring directors and their compliance with the following fitness and propriety criteria:-
3. 1. Character and integrity, probity, personal and financial integrity and reputation;
   2. Experience and competence; and
   3. Time and commitment;

All retiring directors have complied with Ranhill's Group policy on conflict of interest and independent criteria.

The Board recommends the retiring directors be re-elected as directors of the Company.

The retiring directors' have abstained from deliberations and decisions on their own eligibility and suitability to stand for re-election at the relevant Board and Board Committee meetings.

These retiring directors' profiles are set out in the Profile of Directors section in the Governance section of the Annual Report 2023.

3. Ordinary Resolution 7 - Payment of Directors' Fees and Benefits ("Remuneration") to the Non-Executive Directors

Pursuant to Section 230(1) of the Companies Act 2016, fees and benefits ("Remuneration") payable to the Directors of the Company are required to be approved by the shareholders at a general meeting. The Remuneration comprises fees, other benefits-in-kind, and meeting allowance payable to the Chairman and members of the Board, and the Chairman and members of Board Committees. At the 9th AGM held on 17 May 2023, the shareholders had approved the payment of Remuneration for the period commencing from 18 May 2023 for Malaysian Non-Executive Directors ("NED") and International NED; up till the AGM of the Company in 2024 in accordance with the Remuneration structure for the Malaysian and International NEDs respectively.

Shareholders' approval is sought for the payment of Remuneration to the NEDs from the conclusion of this AGM and up till the next AGM of the Company in 2025 in accordance with the prevailing Remuneration structure set out in Table A below as approved at the previous AGMs of the Company.

6

NOTICE OF

ANNUAL GENERAL MEETING

Table A: Remuneration Structure for NEDs of the Company:-
		Meeting
	Fees per annum	Allowance
NED	Per Director	(per meeting)
Chairman	RM300,000	RM2,500
Chairman's BIK	RM50,000	-
Director	Malaysian - RM150,000	RM2,000
	International - USD100,000	-
	(inclusive of fee for sitting in board committees and meeting allowance)
Chairman of Audit Committee	RM40,000	RM2,000
Member of Audit Committee	RM20,000	RM1,500
Chairman of Other Committee	RM30,000	RM2,000
Member of Other Committee	RM20,000	RM1,500

There is no revision to the proposed fees.

Any NED of the Company who is also a shareholder of the Company is to abstain from voting on Ordinary Resolution 7, where applicable, concerning Remuneration payable to the NED at this AGM.

4. Ordinary Resolution 9 - Continuation in Office as Independent Director

Encik Abu Talib Abdul Rahman ("ATAR") were appointed as Independent Non-Executive Director ("INED") on 1 December 2015 and will be reaching nine (9) years on 30 November 2024. The approval is for ATAR to continue to act as INED from 1 December 2024 up till the conclusion of the next AGM in 2025.

ATAR sits as a member on all the Board Committees which are Audit Committee ("AC"), NRC, Governance and Risk Management Committee

("GRMC"), and Long Term Incentive Plan Committee ("LTIP"). His invaluable contribution and insights throughout his journey with the

Company have put a strong justification to retain him as INED of the Company. The justification to retain ATAR is premised on the following:-

1. ATAR has specialized skills, vast experience, and knowledge in a diverse range of businesses and industries. He has been familiarised with the Group's business, culture, and operations, which has made him continually provide constructive opinion, counsel, oversight, and guidance to the Board and Group. The Board has benefited from his deep experience and understanding of the Group's business and operation.
2. During his tenure, ATAR, and all the INEDs have consistently demonstrated their objectivity and independence when providing their views and contributions during the Board discussion and decision-making issues and act consistently in the best interests of the Company. ATAR has devoted sufficient time and attention to his professional obligation to the Company.
3. ATAR has continued to exercise his independence and due care during his present tenure as INED, and has contributed in his roles. He sits on the Board of subsidiaries of the Company to provide guidance and counsel on his expertise and skills to the Board subsidiaries.

The profile of ATAR is set out in the Directors' Profiles section of the 2023 Annual Report. ATAR abstained from all deliberations at the Board meeting relating to the discussions and respective recommendations on the proposed Ordinary Resolution 9.

7

NOTICE OF

ANNUAL GENERAL MEETING

Shareholders' approval for Resolution 9 will be sought through a single-tier voting process. The proposed Resolution 9, if passed, would enable ATAR to continue serving as INED of the Company until the conclusion of the next AGM.

5. Ordinary Resolution 10 - Authority to Allot and Issue Shares Pursuant to Sections 75 and 76 of the Companies Act 2016

The Ordinary Resolution proposed under Resolution 10 of the Agenda is a general mandate for the Directors to issue and allot shares in the Company pursuant to Sections 75 and 76 of the Companies Act 2016 ("the Act"). The proposed Resolution 10, if passed, will give authority to the Directors of the Company, from the date of the 10th AGM, to issue and allot shares or to make or grant offers, agreements or options in respect of shares to such persons, in their absolute discretion including to make or grant offers, agreements or options which would or might require shares in the Company to be issued after the expiration of the approval, without having to convene a general meeting, provided that the aggregate number of shares issued does not exceed 10% of the total number of issued shares of the Company for the time being.

This authority, unless revoked or varied at a general meeting, will expire at the conclusion of the next AGM of the Company. The general mandate sought will enable the Directors of the Company to issue and allot shares, including but not limited to making placement of shares for purposes of funding investment(s), working capital and general corporate purposes as deemed necessary. The general mandate gives authority to the Directors to raise funds in an effective and expeditious manner.

Pursuant to Section 85 of the Act, to be read together with Clause 61 of the Company's Constitution, shareholders of the Company have pre-emptive rights on any new shares in the Company to be offered, which will rank equally to the existing issued shares in the Company.

Section 85(1) of the CA 2016 provides as follows:

"85. Pre-emptive rights to new shares

1. Subject to the constitution, where a company issues shares which rank equally to existing shares as to voting or distribution rights, those shares shall first be offered to the holders of existing shares in a manner which would, if the offer were accepted, maintain the relative voting and distribution rights of those shareholders."

Clause 61 of the Company's Constitution provides as follows:

"61. Subject to any direction to the contrary that may be given by the Company in general meeting, all new shares or other convertible Securities shall, before issue, be offered to such persons as at the date of the offer are entitled to receive notices from the Company of general meetings in proportion as nearly as the circumstances admit, to the amount of the existing shares or Securities to which they are entitled. The offer shall be made by notice specifying the number of shares or Securities offered, and limiting a time within which the offer, if not accepted, will be deemed to be declined, and, after the expiration of that time, or on the receipt of any intimation from the person to whom the offer is made that he declines to accept the shares or Securities offered, the Directors may dispose of those shares or securities in such manner as they think most beneficial to the Company. The Directors may likewise also dispose of any new share or Security which (by reason of the ratio which the new shares or Securities bear to shares or Securities held by persons entitled to an offer of new shares or Securities) cannot, in the opinion of the Directors, be conveniently offered under this Constitution."

The proposed Resolution 10, if passed, will exclude your pre-emptive rights to be offered new shares to be issued by the Company pursuant to the said resolution.

8

NOTICE OF

ANNUAL GENERAL MEETING

1. Ordinary Resolution 11 - Proposed Renewal of the Authority to Allot New Ordinary Shares in the Company ("New Ranhill Shares"), for the purpose of a Dividend Reinvestment Plan ("DRP") that provides the Shareholders of the Company the option to elect to reinvest their cash dividend ("Proposed Renewal of DRP")
   The Ordinary Resolution proposed under Resolution 11 of the Agenda will give authority to the Directors to allot and issue such number of New Ranhill Shares from time to time as may be required to be allotted and issued pursuant to the DRP until the conclusion of the next AGM of the Company. A renewal of this authority will be sought at the next AGM.
2. Ordinary Resolution 12 - Proposed Renewal of Authority for Share Buy-Back
   The Ordinary Resolution proposed under Resolution 12 of the Agenda is to renew the shareholders' mandate for the share buy-back by the Company. The said proposed renewal of shareholders' mandate will empower the Directors to buy-back and/or hold up to a maximum of 10% of the Company's total number of issued shares at any point of time, by utilizing the amount allocated which shall not exceed the total retained earnings of the Company. This authority unless revoked or varied by the Company at a general meeting, will expire at the conclusion of the next AGM, or the expiration of the period within which the next AGM is required by law to be held, whichever is earlier.
   Detailed information on this proposal is set out in Part A of the Share Buy-Back Statement to Shareholders dated 2 May 2024 which is available on the Company's website at www.ranhill.com.my.
3. Ordinary Resolution 13 - Proposed Renewal of Shareholders' Mandate For Recurrent Related Party Transactions ("Renewal RRPT") of A Revenue or Trading Nature
   The proposed Resolution 13, if passed, will enable Ranhill Group to enter into any of the recurrent related party transactions of a revenue or trading nature which are necessary for the Ranhill Group's day-to-day operations, subject to the transactions being in the ordinary course of business and on normal commercial terms which are not more favourable to the related parties than those generally available to the public and are not to the detriment of the minority shareholders of the Company.
   Detailed information on this proposal is set out in Part B of the Circular to Shareholders dated 2 May 2024 which is available on the Company's website at www.ranhill.com.my.

9

STATEMENT ACCOMPANYING THE NOTICE OF THE

ANNUAL GENERAL MEETING

PURSUANT TO PARAGRAPH 8.27(2) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

1. Details Of Individuals Who Are Seeking Election
   No individual is seeking election as a Director (other than those Directors who are standing for re-election as Directors) at the forthcoming 10th AGM of the Company.
2. Statement Relating To General Mandate For Issue Of Securities In Accordance With Paragraph 6.03(3) Of The Main Market Listing Requirements Of Bursa Malaysia Securities Berhad
   Ordinary Resolution 10 set out in the Notice of the 10th AGM of the Company will give a renewed mandate to the Directors of the Company pursuant to Sections 75 and 76 of the Companies Act, 2016 ("Renewed Mandate") for such purposes as the Directors may deem fit and in the interest of the Company. The Renewed Mandate, unless revoked or varied at a general meeting, will expire at the conclusion of the next AGM of the Company.
   As at the date of the Notice of the 10th AGM, the Directors have not utilised the mandate granted to the Directors at the 9th AGM of the Company held on 17 May 2023 and the said mandate will lapse at the conclusion of the forthcoming 10th AGM of the Company.
   The Company is seeking approval from shareholders on the Renewed Mandate for the purpose of possible fundraising exercises including but not limited to placement of shares for purpose of funding future investment project(s), working capital and/or acquisitions and to avoid delay and cost in convening a general meeting to approve such issue of shares.

10