We refer to the announcements dated 23 July 2026 and 6 August 2026 in relation to the Proposed Bonus Issue of Warrants. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 8 September 2026, resolved to approve the following:-

(i) admission of 116,110,400 Warrants to the Official List of Bursa Securities pursuant to the Proposed Bonus Issue of Warrants;

(ii) listing of and quotation for 116,110,400 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and

(iii) listing of and quotation for up to 116,110,400 new Powerwell Shares to be issued arising from the exercise of the Warrants on the ACE Market of Bursa Securities.

The approval by Bursa Securities is subject to the following conditions:-

(i) Powerwell and UOBKH must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Warrants;

(ii) Powerwell and UOBKH to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;

(iii) Powerwell to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue of Warrants is completed; and

(iv) Powerwell to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 8 September 2026.