The Board of Directors of Sarawak Consolidated Industries Berhad ("the Company") is pleased to announce that all the Ordinary Resolutions set out in the Notice of Extraordinary General Meeting ("EGM") were duly passed by poll via Remote Participation and Voting facilities at https://scib-egm.digerati.com.my at the EGM held on 27 March 2024 except for Ordinary Resolutions No. 3, 4, 5, 6, 7 and 8 which were withdrawn.

The results of the poll were validated by the Independent Scrutineer, CSC Securities Services Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the poll results are set out below.

Remarks: This is an amended announcement to explain on the reason for the withdrawal of Ordinary Resolutions No. 3,4, 5, 6, 7 and 8. The Board wishes to inform that the Company had received several queries from the shareholders of the Company regarding the eligibility of the Independent Directors to participate in the Proposed LTIP scheme, in view of majority of the Independent Directors are newly appointed to the Board of less than a year. The shareholders opined that the awarding of the Proposed SOP Options under the LTIP scheme to the Independent Directors has to be justifiable and in line with the spirit of the Proposed LTIP which aims to recognise their contribution to the Company based on their past performance and contribution.The Company took note of the shareholders' comments and would consider assessing the performance of the Independent Directors upon their full year employment and shall seek shareholders' approval again at a later date.

PROPOSED CAPITALISATION OF AN AGGREGATE AMOUNT OF RM11,301,266.80 DEBT OWING TO GOH HARDWARE & CONSTRUCTION SDN BHD BY SCIB PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SCIB
VIA THE ISSUANCE OF 18,496,345 NEW ORDINARY SHARES IN SCIB ("CAPITALISATION SHARES") AT AN ISSUE PRICE OF RM0.6110 PER CAPITALISATION SHARE

PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN ("LTIP") OF UP TO 15.0% OF THE COMPANY'S TOTAL NUMBER OF ISSUED SHARES (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE LTIP FOR THE ELIGIBLE DIRECTORS OF SCIB AND EMPLOYEES OF SCIB AND ITS NON-DORMANT SUBSIDIARY(IES), WHO FULFIL THE ELIGIBILITY CRITERIA AS SET OUT IN THE BY-LAWS OF THE LTIP

PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO DATO SRI ZAINI BIN JASS

PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO DATO TAN BOK KOON

PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO SR. MOHD NAZRI BIN MAT NOOR

PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO DR. DANG NGUK LING

PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO KANG WEI LUEN

PROPOSED AWARDING OF SHARE OPTION PLAN OPTIONS TO LIAW WAY GIAN

PROPOSED AWARDING OF SHARE GRANT PLAN AWARD AND/OR SHARE OPTION PLAN OPTIONS TO KU CHONG HONG

PROPOSED AWARDING OF SHARE GRANT PLAN AWARD AND/OR SHARE OPTION PLAN OPTIONS TO CHIEW JONG WEI