We refer to the announcements dated 28 May 2025, 17 July 2025 and 4 August 2025 (“Announcements”).

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

On behalf of the Board, Affin Hwang IB wishes to announce that the Company and the Vendor had via a letter dated 30 October 2025 (“Variation Letter”) mutually agreed that no Operating Profit shall be required to be paid by YBS to the Vendor. Both the Company and the Vendor agreed to this variation as the parties could not agree on the payment mechanism of the Operating Profit due to its complexity and the intention of the parties to complete the Proposed Acquisitions in an expedient manner.

As a result of the Variation Letter, the definition of Operating Profit and Operating Profit Payment Agreement and clauses 6.1.11, 7.5(b), 7.5(c) and 7.9 of the Agreement shall be deleted. Further, clause 8.3.3 of the Agreement shall also be deleted and replaced by the following:

“In the event the Allied Precision Group enters into related party transactions and (a) incurs additional liabilities; or (b) makes additional advances, which are in addition to the liabilities and advances to related parties as set out in Appendix V, then:

(i) in relation to additional liabilities incurred by the Allied Precision Group:

subject to receipt of a notice by the Purchaser to the Vendor of the additional liabilities pertaining to related party transactions incurred by the Allied Precision Group and the provision of indisputable proof of such additional liabilities (“Notice of Additional Liabilities”), the Vendor shall settle the additional liabilities in such manner as the Vendor shall decide, including but not limited to waiver, set-off or assignment of debt within thirty (30) days from the date of receipt of the Notice of Additional Liabilities;

(ii) in relation to additional advances made by the Allied Precision Group:

subject to receipt of a notice by the Purchaser to the Vendor of the additional advances made by the Allied Precision Group to the Vendor and the provision of indisputable proof of such additional advances, the Vendor shall settle the additional advances in such manner as the Vendor shall decide.”

Save for the foregoing, all other terms and conditions contained in the Agreement remain unchanged and shall continue to be in full force and effect.

A copy of the Variation Letter is available for inspection at the registered office of YBS at 170-09-01, Livingston Tower, Jalan Argyll, 10050 George Town, Penang during business hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 30 October 2025.