The Board of Directors of HI Mobility is pleased to announce that HISB, a wholly-owned subsidiary of the Company, has on 8 October 2026, received a LOI from APAD in relation to a proposed appointment of HISB as the network operator under the Stage Bus Service Transformation programme in Johor Bahru ("Proposed Appointment") from 1 January 2027 to 31 March 2031, subject to further negotiations and final agreement on the terms of the Proposed Appointment.
Please refer to the attachment for further details.
This announcement is dated 8 October 2026.