The Board of Directors of the Company wishes to announce that NH EV Tech Sdn. Bhd. (“NH EV TECH’), a wholly-owned subsidiary of the Company, had received the Vehicle Type Approvals (“VTAs”) for its Electric Vehicle motorcycle models: EBIXON TC-MAX, EBIXON CPX-PRO and EBIXON KRUZ, (“EBIXON EV MOTORCYCLES”), under the Malaysia Road Transport Act 1987 from the National Committee for VTA and Homologation, Jabatan Pengangkutan Jalan Malaysia ("JPJ”) on 14 March 2024.

The VTAs allow the EBIXON EV MOTORCYCLES to be road registered and licensed by JPJ. These EBIXON EV MOTORCYCLES are high performance and competitive EV motorcycles well suited for the market needs especially in the B2B and B2G segments. The VTAs expand NH EV TECH range of EV motorcycles available for sale in the market.

The VTA will not have any material effect on the earnings per share, net assets per share and gearing of the Company and its subsidiaries for the financial year ending 31 December 2024.

None of the Directors and/ or major shareholders of NI HSIN and/ or persons connected with them have any interest, direct or indirect, in the VTA.

Please refer to the attachment for the press release on the above.

This announcement is dated 14 March 2024