Reference is made to the utilisation of proceeds raised from the IPO as disclosed in the Company's Prospectus dated 12 June 2024 issued in conjunction with the listing of the Company on the ACE Market of Bursa Malaysia Securities Berhad on 4 July 2024. As at to-date, the Company remains a balance of RM7,748 million IPO Proceeds which has yet to be utilised. 

The Board of Directors of OFB wishes to notify that the Board, after due consideration, has resolved to further extend the timeframe for the utilisation of IPO Proceeds ("Extension of Time").
 

Further details of the above Extension of Time are set out in the attachment.
 

This announcement is dated 22 May 2026.