The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the earlier announcements dated 7 June 2023, 1 August 2023 and 8 September 2023 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that the Board had on 15 January 2024 ("Price-Fixing Date") resolved to fix the issue price of the Rights Shares at RM0.09 per Rights Share ("Issue Price") and the exercise price of the Warrants B at RM0.09 per Warrant B ("Exercise Price").

The Issue Price was determined and fixed by the Board after taking into consideration the following:-

i. the funding requirements of the Group as set out in Section 4 of the circular in relation to the Rights Issue with Warrants dated 27 September 2023 ("Circular");

ii. the TERP of RM0.1170 per FEHB Shares, calculated based on 5-day VWAP of FEHB Shares up to and including 12 January 2024, being the last market day immediately preceding the Price-Fixing Date of RM0.1575 per FEHB Share;

iii. the prevailing market conditions and current and historical market price of FEHB Shares for the past 12 months. In addition, the issue price of RM0.09 per Rights Share, represents a discount ranging from approximately 20.91% to 25.25% to the TERP, calculated based on the 5-day VWAP, 1-month VWAP, 3-month VWAP, 6-month VWAP and 12-month VWAP up to and including 12 January 2024;

iv. the Board's intention to fix the Issue Price at a discount range between 20% to 40% to the TERP; and

v. the rationale for the Rights Issue with Warrants as set out in Section 5 of the Circular.

The Exercise Price was determined and fixed by the Board after taking into consideration the following:-

i. the Warrants B will be issued at no cost to the Entitled Shareholders and/ or their renouncee(s) who successfully subscribe for the Rights Shares;

ii. the historical trading prices of FEHB Shares for the past 12 months; and

iii. the Board's intention to fix the Exercise Price at a discount range of 20% to 40% to the TERP, calculated based on the 5-day VWAP of FEHB Shares up to and including the last market day immediately preceding the Price-Fixing Date.

The Issue Price represents a discount of 23.08% to the TERP of RM0.1170 per FEHB Share, calculated based on the 5-day VWAP of FEHB Shares up to and including 12 January 2024, being the last market day immediately preceding the Price-Fixing Date of RM0.1575 per FEHB Share. The Exercise Price represents a discount of 23.08% to the TERP of RM0.1170 per FEHB Share.

This announcement is dated 15 January 2024.