Reference is made to the proposed utilisation of proceeds raised from the Initial Public Offering (“IPO”) as disclosed in the Company’s prospectus dated 29 June 2016 that was issued in conjunction with the listing of the Company on the ACE Market of Bursa Malaysia Securities Berhad on 10 August 2016, the announcements dated 6 February 2018, 23 December 2020, 18 November 2021 and 29 December 2023 respectively in relation to Variations and/or Extension of timeframe for utilisation of proceeds raised from the IPO and Circulars to Shareholders of HEB dated 23 May 2019 and 20 May 2022. As at to-date, the Company remains a balance of RM5.795 million of IPO proceeds which has yet to be utilised ("Balance IPO Proceeds").

The Board of Directors of HEB wishes to inform that the Company intends to seek its shareholders’ approval on the Proposed Variation for the Utilisation of Balance IPO Proceeds at the forthcoming Annual General Meeting of the Company (“Proposed Variation”).

Further details of the Proposed Variation are set out in the attachment. A Circular to shareholders containing details of the Proposed Variation will be issued to the shareholders of the Company together with the Company’s Annual Report 2023 in due course.

This announcement is dated 5 April 2024.