The Board of Directors of Coastal ("Board") is pleased to announce that the Board has approved the extension of the duration of Coastal's ESOS, which is expiring on 15 December 2026, for a further period of three (3) years from 15 December 2026 until 14 December 2029, pursuant to the terms of the ESOS By-Laws. Save for the extension of the duration of the ESOS, all other terms and conditions of the ESOS shall remain unchanged and continue to be in full force and effect.
The extension is not subject to any approval from the Company's shareholders, Bursa Malaysia Securities Berhad and/or any other relevant authorities.
The extension of the duration of the ESOS will enable the Company to continue implementing the ESOS and to reward eligible persons who play a significant role in the long-term growth of the Company and its subsidiaries, as and when applicable.
Further, all existing outstanding ESOS options granted shall therefore be exercisable up to the extended period. The notice on the extension will be served to the eligible ESOS grantees in due course.
This announcement is dated 6 August 2026.