Unless otherwise defined, the capitalised terms used in this announcement shall have the same meaning as those defined in the announcement dated 7 January 2025. 

Reference is made to the announcement on 7 January 2025 pertaining to the Proposed Disposal, the Board wishes to provide further information:-

1. Rationale for Discount on Proposed Disposal

The decision to proceed with the Proposed Disposal at a three percentage (3%) discount is due to the Company’s strategic decision to prioritise the efficient allocation of time and resources of its board and management to focus on CIHB Group’s core business in Fast-Moving Consumer Goods (FMCG). This approach enables the Company to streamline operations and concentrate on strategic areas that drive sustainable growth for the benefit of its shareholders.

2. Timeframe for Proceeds Utilisation

At this material time, the Company has not identified any specific investment for the proceeds derived from the Proposed Disposal. Nevertheless, CIHB assures its shareholders that once an investment or asset acquisition is identified, a follow-up announcement will be made accordingly.

This announcement is dated 10 January 2025.