PROPOSED DISPOSAL OF 27,000,001 ORDINARY SHARES IN LUMUT NAVAL SHIPYARD SDN. BHD. (FORMERLY KNOWN AS BOUSTEAD NAVAL SHIPYARD SDN. BHD.) (LUNAS) HELD BY PERSTIM INDUSTRIES SDN. BHD. (PISB), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF BHIC, TO OCEAN SUNSHINE BERHAD (OSB) FOR A CASH CONSIDERATION OF RM1.00 AND THE WAIVER OF TRADE RECEIVABLES OWING BY LUNAS TO BHIC AND ITS RELEVANT SUBSIDIARIES OF THE AMOUNT OF APPROXIMATELY RM334.73 MILLION PURSUANT TO THE PROPOSED ITRSA (PROPOSED DISPOSAL)

PROPOSED INTERCOMPANY TRADE RECEIVABLES SETTLEMENT AGREEMENT (ITRSA) (PROPOSED ITRSA)