On behalf of the Board of Directors of HLT, Mercury Securities Sdn Bhd wishes to announce that HLT had on 3 January 2024 entered into:

(i) a shares sale agreement with Snicom Sdn Bhd, CWK & Mount Sing Sdn Bhd, Alcor Corporation (M) Sdn Bhd and Lordtech Specialty Sdn Bhd (collectively, the “Vendors”) for the proposed acquisition of 600,000 ordinary shares in Triple Care Gloves Sdn Bhd (“Triple Care”), representing the remaining 20% equity interest in Triple Care not owned by HLT, for a total purchase consideration of RM0.6 million to be fully satisfied via the issuance of 2,605,297 new ordinary shares in HLT (“HLT Shares” or “Shares”) at an issue price of RM0.2303 each (“Proposed Acquisition”);

(ii) 4 separate shareholders’ advances capitalisation agreements with Triple Care and the Vendors for the proposed settlement by HLT of all existing shareholders’ advances from the Vendors to Triple Care totalling RM7.6 million via the issuance of 33,000,434 new Shares at an issue price of RM0.2303 each (“Proposed Capitalisation of Shareholders’ Advances”); and

(iii) 4 separate settlement agreements with Hasil Aneka Sdn Bhd, Unbros Construction Sdn Bhd, Brazer Engineering Sdn Bhd, and Hallmark Porcelain Sdn Bhd (collectively, the “Identified Creditors”) for the proposed settlement by HLT of the identified amount owing by the HLT group of companies to the Identified Creditors totalling RM6.4 million via the issuance of 27,806,062 new Shares at an issue price of RM0.2303 each (“Proposed Settlement of Identified Creditors”).

Please refer to the attachment for further details in relation to the Proposals.

This announcement is dated 3 January 2024.