We are pleased to announce the proposed issue by KIBB of up to 35,000,000 European style non-collateralised cash-settled call warrants over the ordinary shares of PCHEM.

The PCHEM-C2O is constituted by the Deed Poll dated 20 May 2025 executed by us, as supplemented from time to time. The PCHEM-C2O is subject to the terms and conditions of the Base Prospectus dated 27 May 2025, the First Supplementary Base Prospectus dated 6 October 2025, the Second Supplementary Base Prospectus dated 6 March 2026 and the Term Sheet dated 29 April 2026.

The PCHEM-C2O will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 27 May 2025, the First Supplementary Base Prospectus dated 6 October 2025 and the Second Supplementary Base Prospectus dated 6 March 2026.

A summary of principal terms of the PCHEM-C2O is set out in Table 1.

This announcement is dated 29 April 2026.