The Board of Directors of SHB wishes to announce that the existing Employees' Share Option Scheme ("ESOS") of the Company offered to eligible employees is hereby terminated with effect from 22 May 2026 ("Termination Date") in accordance with the terms and conditions of the by-laws governing the ESOS ("By-Laws").

Pursuant to the By-Laws, the Company may terminate the ESOS at any time prior to its expiry, subject to compliance with Rule 8.20(1)(a) and 9.19(50) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") and all other applicable laws, regulations and requirements.

Details of the ESOS are as follows: - 

1. Date of Offer: 24 January 2025

2. Date of Termination: 22 May 2026

3. Exercise price of ESOS Options offered: RM0.98

4. Number of ESOS Options offered: 5,180,000

5. Market price of SHB Shares on the date of offer: RM1.12 each

6. Number of ESOS Options offered to each Director: Not applicable

7. Number of options exercised or shares vested: Nil

8. Reason of Termination of Scheme: The Board was of the view that the existing ESOS is no longer suitable given the current market and operating environment of the Group

This announcement is dated 22 May 2026.