On behalf of the Board of Directors of Yenher ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a bonus issue of up to 60,000,000 free warrants in Yenher ("Warrant(s)") on the basis of 1 Warrant for every 5 existing ordinary shares in Yenher ("Yenher 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 31 May 2024.