We are pleased to announce the offering by CLSASM of up to 35,000,000 non-collateralised European-style cash settled call warrants over ordinary shares of VS by way of market making.

The VS-C1G is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The VS-C1G is constituted by the Deed Poll dated 28 March 2025. The VS-C1G is subject to the terms and conditions of the Base Prospectus dated 11 April 2025, the First Supplementary Base Prospectus dated 26 June 2025, the Second Supplementary Base Prospectus dated 27 August 2025 and the Third Supplementary Base Prospectus dated 06 November 2025. The obligations of CLSASM under VS-C1G are guaranteed by CITIC Securities International Company Limited pursuant to the Guarantee Deed Poll dated 28 March 2025.

A summary of the principal terms of VS-C1G is set out in the attachment.

This announcement is dated 11 November 2025.