The Board of Directors of AHB (“Board”) wishes to announce that AHB had on 8 February 2023 entered into a Memorandum of Understanding (“MOU”) with Piong Choong Fah, where AHB (“Purchaser”) and Piong Choong Fah (“Vendor”) intends to enter into a definitive share sale agreement for the purchase by AHB and the sale by Piong Choong Fah for ordinary shares held by the Vendor in Altangadas Mining Group Berhad [Registration No. 202001013815 (1370135-T)] (“AMG” or the “Target Company”), representing 20% of the total issued ordinary shares of the Target Company (“Sale Shares”).

The Vendor and the Purchaser are collectively referred to as the “Parties” and each a “Party”, as the context may require.

The details are set out in the attachment below.

This announcement is dated 8 February 2023.