The Board of Directors of Solarvest Holdings Berhad ("Board") wishes to announce that the Company had on 29 May 2026 completed the Placement Subscription of 45,000,000 new ordinary shares in HKB ("HKB Shares" or "Shares") ("Placement Shares") via a private placement at an issue price of RM0.275 per Placement Share, for a total cash consideration of RM12,375,000. The Placement Shares were officially listed on Bursa Malaysia Securities Berhad ("Bursa Securities") on 29 May 2026.

Pursuant to Paragraph 9.19(25) of the Main Market Listing Requirements of Bursa Securities ("MMLR") and following the completion of the Placement Subscription, Solarvest had on 29 May 2026 become a substantial shareholder of HKB. The Placement Subscription entails the subscription of a total of 45,000,000 Placement Shares, representing 6.60% of the enlarged issued share capital in HKB.

Please refer to the attached file for the details of the announcement.

This announcement is dated 29 May 2026.