Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 28 August 2025 in relation to cancellation of the existing share option plan options offered under the Long-Term Incentive Plan (“LTIP”) (“Announcement”).

The Board of Directors of Sarawak Consolidated Industries Berhad (“SCIB” or “the Company”) wishes to provide additional information in relation to cancellation of the existing share option plan options offered under the Long-Term Incentive Plan (“LTIP”). The additional information are as follows:- 

1. Item 2 - Cancellation of the First SOP Offer

Pursuant to clauses 14.1 and 14.2 of the LTIP Scheme By-Laws, the LTIP Committee has the authority and discretion to manage and modify any part of the LTIP in the best interest of the Company.

The excerpts from Clauses 14.1 and 14.2 are provided below:

Administration and Implementation of the Scheme

Clause 14.1

The Scheme shall be administered by the LTIP Committee. The LTIP Committee shall, subject to these By-Laws, administer the Scheme in such manner as it shall deem fit and with such powers and duties as are conferred upon it by the Board. The decision of the LTIP Committee shall be final and binding.

Clause 14.2

Without limiting the generality of By-Law 14.1, the LTIP Committee may, for the purpose of administering the Scheme, do all acts and things, rectify any error(s) in the LTIP Award(s), execute all documents and delegate any of its powers and duties relating to the Scheme as it may at its sole discretion consider to be necessary or desirable for giving effect to the Scheme including the powers to:

(i) subject to the provisions of the Scheme, construe and interpret the Scheme and LTIP Award(s) awarded under it, to define the terms therein and to recommend to thereto establish, amend and revoke rules and regulations relating to the Scheme and its administration. The LTIP Committee in the exercise of this power may correct any defects, supply any omission, or reconcile any inconsistency in the Scheme or in any agreement providing for the LTIP Award(s) in a manner and to the extent it shall deem necessary to expedite and make the Scheme fully effective; and

(ii) determine all question of policy and expediency that may arise in the administration of the Scheme and generally exercise such powers and perform such acts as are deemed necessary and/or expedient to promote the best interests of the Company.

2. Item 5 - Regulatory Disclosure in Compliance with MMLR shall be read as follows:

Compliance with LTIP Scheme By-Laws

In accordance with the LTIP Scheme By-Laws, the Company sets out the following summary of the cancellation:

This announcement is dated 3 September 2025.