(Reference is made to the announcements made on 24 April 2024, 24 June 2024, 27 June 2024, 16 July 2024, 21 October 2024, 28 November 2024, 23 December 2024 and 24 January 2025, and the circular to the shareholders of Eden dated 9 January 2025 in relation to the Proposals (“Circular”). Unless otherwise stated, words and phrases used in this announcement shall have the same meaning as defined in the Circular.)

On behalf of the Board, HLIB wishes to announce that:

(i) the exercise price of the Warrants C has been fixed at RM0.18 per Warrant C (“Exercise Price”), which represents a premium of RM0.025 or approximately 16.13% to the last trading price of Eden Shares of RM0.155 on 25 February 2025, being the last trading date prior to the date of this announcement;

    The Exercise Price was determined and fixed by the Board after taking into consideration, among others, the following:

    (a) the historical price movement of Eden Shares;

    (b) the last trading price of Eden Shares immediately prior to the price-fixing date and prevailing market conditions; and

    (c) the future funding requirements of the Group; and

(ii) the Company had on 26 February 2025 executed the deed poll constituting the Warrants C.

This announcement is dated 26 February 2025.