The Board of Directors of the Company is pleased to announce that the Company had on 30 June 2025 entered into a Heads of Agreement (“HOA”) with Dato’ Sri Pua Tian Siong (“Dato’ Sri Pua” or “Vendor”) (NI HSIN and Dato’ Sri Pua are collectively referred to as the “Parties” and individually as the “Party”) with the intention to record the understanding of the Parties in respect of the proposed acquisitions by the Company of the entire equity interest in each of the Hy-Fresh group of companies from the Vendor and his affiliates, if applicable.

Please refer to the attachments for the further details of the HOA.

This announcement is dated 30 June 2025.