HENGYUAN - Notice of Rights Entitlement (Ratio)

Renounceable rights issue of up to 300.0 million new ordinary shares in Hengyuan Refining Company Berhad ("HRC") ("HRC Share") ("Rights Shares") at an issue price of RM0.78 per Rights Share together with up to 150.0 million free detachable warrants ("Warrants") on the basis of one (1) Rights Share for every one (1) existing HRC Share held as at 5:00 p.m. on 2 October 2025 and one (1) Warrant for every two (2) Rights Shares subscribed for ("Rights Issue with Warrants")

Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “Ex-Rights Issue” as from: 01 Oct 2025
2) The last date of lodgment : 02 Oct 2025
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-       
          a) Selling Broker to deduct 1/2, of Selling Price against the Selling Client
          b) Buying Broker to deduct 10%, of Purchase Price against the Buying Client
          c) Between Broker and Broker, the deduction of 1/2, of the Transacted Price is applicable.

Remarks :

The Abridged Prospectus together with the notice of provisional allotment and the rights subscription form in relation to the Rights Issue with Warrants (collectively, the "Documents") will only be despatched to the shareholders of HRC whose names appear in the Record of Depositors of HRC as at 5:00 p.m. on 2 October 2025 ("Entitlement Date") ("Entitled Shareholders") at their registered address in Malaysia or who have provided the Share Registrar with a registered address in Malaysia in writing by 5:00 p.m. on the Entitlement Date. Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Boardroom Share Registrars Sdn Bhd to effect the change of address by the Entitlement Date.

The Documents are not intended to (and will not) be issued, circulated or distributed in any country or jurisdiction other than Malaysia and no action has been (or will be) taken to ensure that either the Rights Issue with Warrants or the Documents comply with the laws of any country or jurisdiction other than the laws of Malaysia.