Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Circular to Shareholders on 11 March 2026 in relation to the Proposals.
On behalf of the Board, HLIB wishes to announce that SAM 2 and the Vendor had, vide a letter of extension of time dated 30 April 2026, mutually agreed to the extension of the Extended Payment Period as stated in the Solar Plant SPA for a further period up to 22 May 2026.
The Vendor is agreeable to waive the Extension Interest payable during the Extended Payment Period commencing from 31 March 2026 and expiring on 22 May 2026. Should the Company unable to pay the outstanding Balance Purchase Price by 22 May 2026, it will be subject to the Extension Interest calculated on a daily basis from 30 April 2026 until the Completion Date.
Save for the above, all other terms and conditions of the Solar Plant SPA remains unchanged, in full force, and continue to take effect and be binding on the parties to the Solar Plant SPA.
This announcement is dated 30 April 2026.