Reference is made to HGB's announcement dated 14 August 2026 in relation to the Proposed Diversification and Proposed Joint Venture ("Announcement"). Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the Announcement.
On behalf of the Board of Directors of HGB, Malacca Securities wishes to announce that pursuant to Clause 3.2(a)(ii) of the Development Land SPA dated 14 August 2026 entered into between Perbadanan Kemajuan Negeri Selangor ("PKNS" or "Vendor") and Hextar Siera Sdn Bhd ("Hextar Siera" or "Purchaser"), the balance deposit of RM12.80 million ("Balance Deposit") was originally required to be paid by Hextar Siera to PKNS on or before 13 September 2026.
Following the discussions between PKNS and Hextar Siera, PKNS and Hextar Siera had on 9 October 2026 entered into a supplemental agreement ("Supplemental Agreement") to extend the payment period for the Balance Deposit to 30 October 2026 ("Extension").
Save for the Extension as agreed under the Supplemental Agreement, all other terms and conditions of the Development Land SPA shall remain unchanged and continue to be in full force and effect.
This announcement is dated 9 October 2026.