The Board of Directors of Pacific & Orient Berhad (“Company”) wishes to announce that it was informed by the Group’s project management team in the United States that its subsidiary, Pacific & Orient Properties LLC, a Delaware limited liability company (“POPLLC”), has on 17 December 2025 entered into a construction loan agreement of USD67,000,000 to finance the completion of the Group’s property development project located at 7918 West Drive, North Bay Village, Florida, USA (“Project”).

The Project comprises the development of approximately 54 residential units with related amenities. The related property is owned by POPLLC.

The following arrangements have been established as part of the conditions of the construction loan:

1. the creation of two single-purpose holding entities, POP Owner LLC and POP Pledgor LLC, above POPLLC for loan security purposes;
2. the granting of a mortgage lien over the property by POPLLC as collateral for the construction loan; and
3. the pledging of 100% membership interest in POPLLC in favour of the Financier as security for the construction loan.

The construction loan will not have any effect on the issued and paid-up capital of the Company or the shareholdings of the Company’s substantial shareholders.

This announcement is made in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.