Take-Overs & Mergers (Paragraph/Rule 9.19 (47A)) (Amended Announcement)

The Board of Directors of Boustead Holdings Berhad (“BHB” or the “Offeree“) (“Board“) wishes to announce that the Board has on 2 March 2023 received a notice of conditional voluntary take-over offer (“Notice“) from UOB Kay Hian Securities (M) Sdn Bhd, on behalf of the Offeror, to acquire all the remaining 822,510,779 ordinary shares in BHB (“BHB Share(s)”  or “Share(s)”), representing 40.58% of the total issued shares of BHB not already held by the Offeror (“Offer Share(s)“) for a cash offer price of RM0.855 per Offer Share (“Offer Price“) (“Offer“).

A copy of the Notice is enclosed in this announcement and the same will be posted to the holders of the Offer Shares within 7 days from the date of this announcement.

This announcement is dated 2 March 2023.