Introduction

The Board of Directors of the Company is pleased to announce that BSL Manufacturing Sdn Bhd (“BSLM”), a wholly-owned subsidiary of BSL, had on 21 November 2025 received and signed the loan agreement ("Loan Agreement") from OSK Capital Sdn Bhd (“the Lender”). The financing facility is to support BSLM working capital requirements, refinancing of its existing borrowings, finance capital expenditures and upgrading of facilities for the total limit of RM20.0 million only ("the Financing").

BSLM is principally involved in the business of manufacturing and metal fabrication services. BSLM specialises in precision metal stamping, tooling, forging, computer numerical control (CNC) machining, welding and roll forming, serving industries such as electrical and electronics, automotive, industrial equipment and consumer appliances. Its operations are vertically integrated, offering contract manufacturing services from prototyping to high mix, low volume production, supported by in-house engineering and tool design. BSLM's customer base spans Japan, Europe, China, the United States, and Australia, reflecting its strong international presence.

OSK Capital Sdn Bhd (“OSKSB”) is a licensed community credit provider that specialises in delivering non-bank financial solutions to support businesses and individuals across a wide range of industries. OSKSB is a wholly-owned subsidiary of OSK Holdings Berhad, a diversified conglomerate with core businesses in Property, Financial Services, Industries and Hospitality, operating across Malaysia and Australia.

The Financing is targeted to be utilised within three (3) months and has a tenure of thirty six (36) months.

Risk Factors

There are no foreseeable significant risks other than operational and market risks associated with the Financing during the financing period, as BSLM have successfully completed numerous contract manufacturing and metal fabrication services since its establishment. Throughout the years, BSLM has established its track record and expertise to undertake large recurring manufacturing contracts as well as MNC-related contracts. Notwithstanding this, the Company shall ensure strict compliance with safety and operational procedures during the Financing period.

Financial Effects

Barring any unforeseen circumstances, the Financing is expected to contribute positively towards the future earnings and net assets per share of the Company for the financial year ending 30 June 2027 and onwards until the expiry of the Financing. The Financing is deemed material as the value is significant compared to the Company’s latest annual published consolidated revenue. The Financing will not have any effect on the share capital and shareholding structure of the Company.

Directors' and Substantial Shareholders' Interest

None of the Directors or Substantial Shareholders of BSL or persons connected to them has any interest, direct or indirect, in the Financing.

Directors’ Statement

The Board of Directors, after due consideration, is of the opinion that the Financing is in the best interest of the Company. The Financing is being entered into in the ordinary course of business and is not subject to the approval of shareholders.

This announcement is dated 21 November 2025.