(Unless otherwise defined, the definitions and terms set out in the announcement dated 21 February 2025 shall apply herein)

The Board of Directors of the Company wishes to announce that the Company had on 29 August 2025 entered into a Termination Agreement with Jujin Automotive Parts Group Co.,Ltd, both parties have mutually agreed to terminate the Joint Venture Shareholder Agreement (“JVA”).

The mutual termination of the JVA will not have any effect on the share capital and substantial shareholders’ shareholding of the Company.

Subsequently, the Board of the Company is pleased to announce that EPMB has entered into a Joint Venture Shareholder Agreement on 29 August 2025 (“JVA” or “the Agreement”) with Hainan Juruisheng Holding Co., Ltd. (“HJHC”). HJHC is a company incorporated in China, a wholly owned subsidiary of Jujin Automotive Parts Group Co., Ltd (“Jujin”) (Jujin is a company incorporated in China too), to undertake the Business (as defined herein) via a newly incorporated Joint Venture (“JV”) company.

Jujin controlling interest shareholding of 70% in JV remain unchanged.

The primary objective of the JV Company shall be to carry on a joint venture between EPMB and HJHC for purposes of manufacturing, production, and distribution of passenger car seats in Malaysia (“Business”). Each Party shall use its best endeavours to promote and develop the Business to the best advantage of the JV Company on sound commercial profit-making principles so as to generate the maximum achievable maintainable profits available for distribution, and otherwise in accordance with the general principles as varied from time to time by agreement in writing between the Parties.

The JVA outlines the 30%:70% shareholding proportion between EPMB and HJHC respectively, which ensures that both Parties have a stake in the business, reflecting a commitment to the Joint Venture.

There will be no impact on the earnings per share, net assets per share or gearing, for Financial Year ending 31 December 2025.

The Board of Directors of the Company, having taken into consideration all aspects of the terms of the mutual termination, is of the opinion that this is in the best interest of the Company and its subsidiaries.

None of the Directors or major shareholders of the Company and persons connected with such Directors or major shareholders have any interest in the mutual termination.

This announcement is dated 2 September 2025.