1. INTRODUCTION

The Board of Directors of GIIB wishes to announce that its wholly-owned subsidiary, GIIB Rubber Compound Sdn Bhd (“GRC”), has on 17 September 2025 entered into a Memorandum of Understanding with Stamford Tyres International Pte Ltd (“Stamford Tyres”), a company incorporated in Singapore.

The purpose of the MOU is to establish a framework for collaboration between the parties to promote and implement green initiatives supporting the Circular Economy, particularly in the area of sustainable rubber and tyre-related materials.

2. DETAILS OF THE MOU

2.1 Parties to the MOU

(a) GIIB Rubber Compound Sdn Bhd – a wholly-owned subsidiary of GIIB Holdings Berhad, principally engaged in the manufacturing of rubber compounds and related products.

(b) Stamford Tyres International Pte Ltd – a company incorporated in Singapore, engaged in tyre distribution, retreading, and related services across the Asia-Pacific region. 

2.2 Purpose and Scope of Collaboration

The MOU outlines the intention of both parties to collaborate in the following areas:

• Supply and Integration:

GRC will supply sustainable rubber compounds, including recycled materials and eco-friendly tread liners, for integration into Stamford Tyres’ operations and retreading network.

• Joint Development and Innovation:

Both parties will explore joint research, development, and innovation projects to create new sustainable materials and improve product performance in support of circular economy outcomes.

• Marketing and Promotion:

The parties may jointly promote their green partnership at trade exhibitions and public platforms to enhance awareness of sustainable tyre technologies, subject to mutual confidentiality obligations.

2.3 Term and Termination

The MOU shall take effect from 17 September 2025 and remain valid for two (2) years, unless terminated earlier by either party with 180 days’ written notice. The MOU may be extended by mutual written agreement.

2.4 Confidentiality and Non-Binding Nature

Both parties have agreed to maintain confidentiality over proprietary or commercially sensitive information shared during the collaboration.

The MOU represents an expression of mutual intent and does not constitute a legally binding agreement, except for provisions relating to confidentiality and termination.

3. RATIONALE

The MOU aligns with GIIB’s strategic focus on sustainability and innovation in the rubber industry. It aims to enhance GIIB’s participation in environmentally responsible manufacturing and product development while expanding its regional collaborations in the green materials supply chain.

4. FINANCIAL EFFECTS

The MOU is not expected to have any immediate material effect on the earnings, net assets, or gearing of the GIIB Group for the financial year ending 31 December 2025. Any future definitive agreements arising from this MOU, if material, will be announced in due course.

5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the Directors or major shareholders of GIIB or persons connected to them have any direct or indirect interest in the MOU.

6. APPROVALS REQUIRED

The MOU does not require the approval of the shareholders of GIIB or any regulatory authorities at this stage.

7. STATEMENT BY THE BOARD OF DIRECTORS

The Board of Directors of GIIB is of the view that the MOU represents a positive step toward expanding GIIB’s sustainable product offerings and strengthening its collaboration with a reputable regional tyre group.

This announcement is dated 17 November 2025.