On behalf of the Board of Directors of GUH (“Board” or “Directors”), UOB Kay Hian Securities (M) Sdn Bhd (“UOBKH”) wishes to announce that the Company proposes to undertake the following:-

1. bonus issue of up to 140,135,650 warrants in GUH (“Warrants”) on the basis of 1 Warrant for every 2 existing ordinary shares in GUH (“GUH Share(s)” or “Share(s)”) held by the shareholders of GUH whose names appear in the Company’s Record of Depositors on the entitlement date to be determined and announced later (“Proposed Bonus Issue of Warrants”); and
2. proposed diversification of the existing principal activities of GUH and its subsidiaries, associates and joint venture entities (“GUH Group” or the “Group”) to include renewable energy business and related activities (“Proposed Diversification”)

(collectively referred to as the “Proposals”).

Further details of the Proposals are set out in the attachment below.

This announcement is dated 20 February 2023.