We refer to the previous monthly announcements in relation to BHB’s default in payment in its banking facilities.

The Board of Directors of the Company (“Board”) wishes to inform there are no material developments on the status of default in payment at the date of this announcement.

This announcement is dated 1 October 2021.

We refer to the Company’s announcement dated 26 August 2021 in relation to the submission of an application for an extension of time to comply with Paragraph 8.04(3) and Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).

The Board of Directors of the Company wishes to announce that Bursa Securities had vide its letter dated 22 September 2021, decided to grant the Company an extension of time until 27 February 2022 for the Company to submit a regularisation plan to the relevant authorities.

The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of BHB and to de-list the Company in the event:

(i) the Company fails to submit a regularisation plan to the regulatory authorities on or before 27 February 2022;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and

(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the abovementioned events, Bursa Securities shall suspend the trading of the listed securities of BHB on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

This announcement is dated 23 September 2021.

We refer to the Company’s announcement dated 28 February 2019 (“First Announcement”) in relation to the Company being classified as an affected listed issuer pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”). We also refer to the Company’s announcement dated 18 February 2021 where Bursa Securities had granted the Company an extension of time up to 27 August 2021 to submit its regularisation plan to the relevant authorities.

Further to the above, the Company wishes to announce that an application for an extension of time to comply with Paragraph 8.04(3) and PN17 of the Listing Requirements, has been submitted to Bursa Securities on even date.

This announcement is dated 26 August 2021.

We refer to the previous monthly announcements in relation to BHB’s default in payment in its banking facilities.

The Board of Directors of the Company (“Board”) wishes to inform that save as disclosed below, there are no material developments on the status of default in payment at the date of this announcement:

(i) The Company had on 27 July 2021 and 28 July 2021 announced that it had entered into an agreement with MHC Trading (M) Sdn Bhd (“MHC”) for the proposed outsourcing of management and operations of Tamadam Industries Sdn Bhd (“Tamadam”), a wholly owned subsidiary of the Company (“Proposed Outsourcing”) (“Announcements”). The Company had received a proposal from MHC to turn around and grow the business of Tamadam in view of Tamadam’s existing operational inefficiencies. Based on this agreement, the profits generated from Tamadam will initially be used for the full repayment of BHB’s overdue loan with OCBC Al-Amin Bank Berhad (“Bank”), of which the outstanding amount as at 27 July 2021 is RM75 million, based on a stipulated repayment schedule as mentioned in the Announcements within 3 years. Nonetheless, it should be noted that the repayment will be undertaken on a best efforts basis by the new management of Tamadam, and no guarantee will be provided. In addition, this repayment proposal is also subject to the agreement of the Bank. Please refer to the Announcements for further information on the Proposed Outsourcing.

This announcement is dated 2 August 2021.

We refer to the previous monthly announcements in relation to the Company being classified as an affected listed issuer pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”).

The Board of Directors of the Company (“Board”) wishes to inform that the Company is still in the midst of formulating its regularisation plan and has approximately 1 month (until 27 August 2021) to submit its regularisation plan. It is unlikely that the Company will be able to finalise and submit the regularisation plan within this timeframe and as such intends to seek for an extension of time from Bursa Securities.

Save as disclosed below, there were no other major developments subsequent to the previous monthly announcement dated 1 July 2021 in relation to the Company’s regularisation plan:

(i) announcement on 7 July 2021 in relation to the completion of the Company’s private placement of 70,885,600 new ordinary shares; and

(ii) announcements on 27 July 2021 and 28 July 2021 in relation to the outsourcing management agreement entered into between the Company and MHC Trading (M) Sdn Bhd in respect of Tamadam Industries Sdn Bhd, the Company’s wholly-owned subsidiary.

This announcement is dated 2 August 2021.