On behalf of the Board of Directors of PHB ("Board"), UOB Kay Hian (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-

1. a consolidation of every 100 existing ordinary shares in PHB ("PHB Share(s)" or "Share(s)") into 1 PHB Share ("Consolidated Share(s)") on an entitlement date to be determined and announced later ("Share Consolidation Entitlement Date") ("Proposed Share Consolidation");

    

2. a renounceable rights issue of up to 324,635,331 new PHB Shares ("Rights Share(s)") at an issue price of RM0.15 per Rights Share ("Issue Price"), on the basis of 3 Rights Shares for every 1 existing PHB Share held, together with up to 216,423,554 free detachable warrants in PHB ("Warrant(s)") at an exercise price of RM0.22 per Warrant ("Exercise Price") on the basis of 2 Warrants for every 3 Rights Shares subscribed for, on an entitlement date to be determined and announced later ("Rights Issue Entitlement Date") ("Proposed Rights Issue with Warrants");

    

3. proposed diversification of the existing principal activities of PHB and its subsidiaries ("PHB Group" or the "Group") to include property development ("Property Development Business") ("Proposed Diversification"); and

    

4. an establishment of an employees' share option scheme ("ESOS") of up to 15% of the total number of issued shares of PHB (excluding treasury shares, if any) at any point in time over the duration of the ESOS to the Eligible Persons (as defined herein) ("Proposed ESOS").

The Proposed Share Consolidation, Proposed Rights Issue with Warrants, Proposed Diversification and Proposed ESOS are collectively referred to as the "Proposals".

Further details of the Proposals are set out in the announcement enclosed.

This announcement is dated 27 August 2026.