On behalf of the Board of Directors of NVB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a bonus issue of free warrants in NVB ("Warrant(s) D") on the basis of 1 Warrant D for every 10 existing ordinary shares in NVB ("NVB Share(s)" or "Share(s)") held by the entitled shareholders whose names appear in the Company's Record of Depositors on an entitlement date to be determined and announced later ("Entitlement Date") ("Entitled Shareholders") ("Proposed Bonus Issue of Warrants").

Further details of the Proposed Bonus Issue of Warrants are set out in the attachment enclosed.

This announcement is dated 26 February 2024.