We refer to the Company's announcements dated 10 March 2026, 26 March 2026, 8 April 2026 and 28 April 2026 in relation to the Proposed ESOS. Unless otherwise defined, the abbreviations and definitions used in the previous announcements in relation to the Proposed ESOS shall apply herein.
On behalf of the Board of Directors of SOPB, Affin Hwang IB wishes to announce that after further deliberation following the feedback received from shareholders, the Company has decided not to proceed with the Proposed ESOS. The Board's Remuneration Committee will proceed to conduct a holistic review of the Group's long-term incentive framework to further evaluate the overall incentive scheme for the eligible directors of the Company and eligible employees of the Company and its subsidiaries, including non share-based incentive scheme to effectively retain and motivate the eligible directors and eligible employees.
In view of the above, the Company wishes to notify the shareholders on the withdrawal of the ordinary resolutions in relation to the Proposed ESOS, being Ordinary Resolutions 13 to 25, to be tabled as special businesses in the Company's forthcoming annual general meeting ("AGM") as set out in the Company's Notice of 58th AGM.
This announcement is dated 12 June 2026.