Mesmera Ballroom 1, Level 1

The Everly Putrajaya

No. 1, Jalan Alamanda 2, Precint 1

62000 Wilayah Persekutuan Putrajaya

The Board of Directors of Pinehill Pacific Berhad (“PinePac” or “Company”) wishes to announce on the following:-

(i) the Special Resolution in respect of the proposed selective capital reduction and repayment exercise of PinePac pursuant to section 116 of the Companies Act 2016 (“Proposed SCR”) was approved by the disinterested shareholders of PinePac.

The Special Resolution was voted for by 65.51% in number of the disinterested shareholders of PinePac and 90.12% in value of the votes attached to the ordinary shares of PinePac (“PinePac Shares”) held by the disinterested shareholders of PinePac that were casted in person or by proxy at the Extraordinary General Meeting of PinePac (“EGM”). 

Further, 3.65% of the votes attached to all PinePac Shares held by the disinterested shareholders of PinePac of the total voting shares of PinePac voted against the Special Resolution; and

(ii)  the Ordinary Resolution in respect of the proposed variation to the utilisation of proceeds from the disposal of the Perak plantation to fund the Proposed SCR (“Proposed Variation”) was approved by the disinterested shareholders of PinePac, at the EGM today.

The voting in respect of each resolution was carried out by way of poll at the EGM and the results of the poll were validated by Commercial Quest Sdn Bhd, being the independent scrutineer appointed by PinePac.

Details of the results of the poll are set out below.

This announcement is dated 6 January 2026.