Pursuant to Paragraph 9.04(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of IHB wishes to announce that Infraharta Sdn. Bhd. (“ISB”), a wholly-owned subsidiary of the Company, had on 7 November 2025 served a Notice of Adjudication (“NOA”) to Sheng Tai Impression Sdn. Bhd. (“STI”) under Sections 7 and 8 of Construction Industry Payment & Adjudication Act 2012 (“CIPAA 2012”). The adjudication has been registered with the Asian International Arbitration Centre (“AIAC”) on 3 December 2025 in accordance with Rule 2 of the KLRCA Adjudication Rules, with the confirmation letter by Adjudicator received on 15 December 2025.

1. PARTICULARS OF THE CLAIM

• Letter of Acceptance ("LOA") Reference Number: SAIL/PH2/20220211/RC/LA
• Date of LOA: 11 February 2022
• Project Description: Main contract works for the basement and lower ground slab inclusive retaining wall up to ground level
• Project Location: Lot 11723 – Lot 11728, Kawasan Bandar XLIV, Daerah Melaka Tengah, Melaka
• Original Contract Sum: RM25,616,130.30
• Payment Claim Amount: RM6,964,684.07

2. DETAILS OF THE CIRCUMSTANCES LEADING TO THE FILING OF THE NOA

The works under the LOA dated 11 February 2022, commenced on 23 February 2022 and were originally scheduled for completion on 23 February 2023 with the completion date subsequently extended to 6 April 2024. Self determination notices were issued on 10 December 2024, 13 December 2024 and 13 January 2025 due to the consultant quantity surveyor ceased to perform their duties for more than 2 months.

ISB has therefore initiated adjudication under CIPAA 2012 to recover the Payment Claim Amount, supported by, among others, a Statement of Account evidencing the amount due.

3. A CONFIRMATION AS TO WHETHER ISB IS A MAJOR SUBSIDIARY

As of the date of this announcement, ISB is not a major subsidiary of IHB.

4. FINANCIAL AND OPERATIONAL IMPACT OF THE NOA ON IHB

As the Adjudication proceeding is at the preliminary stage, the Company is not in a position to determine the outcome of the Adjudication proceeding. As such, the Adjudication proceeding is not expected to have any material financial and operational impact on IHB Group at this point of time.

The Company will make the appropriate announcements to Bursa Securities as and when there are material developments in relation thereto in accordance with Main Market Listing Requirements of Bursa Securities.

This announcement is dated 16 December 2025.