On behalf of the Board of Directors of Ni Hsin ("Board"), M & A Securities Sdn Bhd ("M & A Securities") wishes to announce that the Company is proposing to undertake a proposed diversification of the existing principal activities of Ni Hsin and its subsidiaries ("Ni Hsin Group" or the "Group") to include the electric vehicles ("EV") business ("EV Business") ("Proposed Diversification").

Please refer to the attachment below for further details of the Proposed Diversification.

This announcement is dated 8 September 2026.