Unless otherwise defined, the abbreviations and definitions used throughout this announcement shall have the same meaning as those defined in NGGB's circular to shareholders dated 26 February 2026 in relation to the Proposals ("Circular").

Reference is made to the announcements dated 5 December 2025 and 8 December 2025 in relation to the Proposals as well as the Circular.

On behalf of the Board, Affin Hwang IB wishes to announce that the conditions precedent of the Conditional SPAs have been fulfilled on 19 May 2026 and accordingly, the Conditional SPAs have become unconditional in accordance with the terms and conditions of the Conditional SPAs.

The Proposal Land Disposals will be deemed completed upon full payment of the balance disposal consideration, being 90% of the Disposal Considerations, by Neuwhite to Ultimate Ivory, in accordance with the terms and conditions of the Conditional SPAs.

This announcement is dated 20 May 2026.