(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as defined in the Company’s announcement dated 6 September 2023 except where the context otherwise defined herein)

Reference is made to the announcement dated 6 September 2023 pertaining to Execution of Binding Heads of Agreement with Propick Digital Solutions & Consulting Sdn Bhd for incorporation of a joint vehicle for provision of drone services and intellectual technology services.

HEB wishes to clarify that the Collaboration provides an opportunity for HEB Group to complement our existing strengths in engineering and project management services within the construction industry and to diversify HEB Group's existing business activities to include the provision of drone services and intellectual technology services (“New Business”). As such, the New Business presents an alternative income stream to HEB Group and provides an opportunity for HEB Group to grow its revenue and to improve its financial performance.

This announcement is dated 7 September 2023.