1.  The Board of Directors of UOA Asset Management Sdn Bhd, being the management company of UOA REIT (“Manager”) is pleased to announce that RHB Trustees Berhad, being the Trustee for UOA REIT (“Trustee”) has today confirmed its agreement to the terms of the renewal to the grant of right of first refusal by UOA Development Bhd (“UOA Development”), a subsidiary of UOA Holdings Sdn. Bhd, which is also the holding company of the Manager.

2.  The right of first refusal was granted by UOA Development on behalf of itself and its subsidiaries via its letter dated 19 December 2025 (“Letter”) to UOA REIT, over all and any of the commercial properties (being properties which have been classified as investment properties under its accounts or the accounts of the relevant subsidiary at the material time) developed and owned by it or its subsidiaries which meet the requirements under the Guidelines on Listed Real Estate Investment Trusts (“Properties”) in the event UOA Development or its subsidiaries intend to dispose of, sell transfer or vest any interest in the Properties based on inter alia, the following terms, and subject to the consent of the Trustee and subject further to such other terms and may be mutually agreed between the parties:-

(i)  The right of first refusal is valid for a term of five (5) years and expires on 16 January 2031 or until UOA Asset ceases to be the manager of UOA REIT, whichever is the earlier. UOA REIT shall respond within fourteen (14) days from the date of the written notice of UOA Development’s intention to dispose of, sell, transfer or vest any interest in the Properties failing which it shall be automatically deemed UOA REIT is not interested in exercising its right of first refusal in relation to such Properties so stipulated under the said notice and UOA Development will be at liberty to deal with the Properties as they deem fit without further reference to the UOA REIT;

(ii)  The Properties are commercial properties developed and owned by UOA Development or its subsidiaries which meet the requirements under the Guidelines and are at least 70% Tenanted;

(iii)  The purchase consideration for the Properties shall be in accordance with applicable laws and regulations on real estate investment trust, subject to the consent of RHB Trustees Berhad, and to such other terms as may be mutually agreed between the parties.

(referred to as the “Grant of Right of First Refusal”)

3.  Mr. Kong Sze Choon is the Executive Director and Chief Executive Officer of UOA Asset, and is the son of Mr. Kong Chong Soon, the Managing Director of UOA Development. Mr. Kong Chong Soon has deem interest as a major shareholder of UOA Development. Save as disclosed, none of the other Directors and/or Major Shareholders of the Company as well as persons connected with them, have any interest, direct or indirect, in the Grant of Right of First Refusal.

4.  Save for the Directors disclosed above, the Board having considered all aspects of the Grant of Right of First Refusal is of the opinion that it is in the best interest of the Company

This announcement is dated 29 December 2025.