[Amova Asset] Completion of Share Acquisition of AHAM Asset Management Berhad and Becoming a Consolidated Subsidiary

Amova Asset Management Co., Ltd. (formerly Nikko Asset Management Co., Ltd., hereinafter referred to as "Amova Asset") is pleased to announce that the acquisition of shares in AHAM Asset Management Berhad (hereinafter referred to as "AHAM"), a Malaysian asset management company, has been completed as of June 30, 2026, with the acquisition of shares equivalent to 77.675% of the company's total shares, following the necessary approvals from relevant authorities in Malaysia and Japan. With this, the total equity ratio, including the 20% stake already held, reaches 97.675%, making AHAM a consolidated subsidiary. Amova Asset also plans to acquire the remaining 2.325% of shares held by AHAM's management in the future.

In its press release dated December 23, 2025, titled "Agreement Signed for Acquisition of All Shares of AHAM Asset Management Berhad," Amova Asset announced the signing of a share transfer agreement for AHAM shares with the investment fund CVC Capital Partners, AHAM's major shareholder, and other shareholders. Subsequently, the necessary procedures have been advanced by the relevant parties.

As of the end of March 2026, AHAM, including its subsidiaries, had approximately 103.4 billion Malaysian Ringgit (approximately 4.16 trillion yen) in assets under management [1], making it one of the leading asset management companies in Malaysia, ranking among the top two in the Malaysian asset management industry. Since its establishment in 2001, the company has built a strong reputation by providing diverse asset management services to a wide range of clients, including institutional investors, pension funds, government-related organizations, high-net-worth individuals, and retail investors. AHAM also has subsidiaries under its umbrella, such as AIIMAN Asset Management Sdn. Bhd. (hereinafter referred to as "AIIMAN"), a Sharia-compliant investment company, and has made strategic investments in Versa Asia Sdn. Bhd., a rapidly growing fintech company in the country.

By transitioning AHAM to a consolidated subsidiary of Amova Asset, based on the strong partnership cultivated over the past 15 years, further strengthening of collaboration and sustainable growth for both companies will be possible. Leveraging AHAM's solid presence in the local market, broad client base, and proven sales capabilities, we will provide more advanced investment solutions to institutional investors, intermediaries, high-net-worth individuals, and retail investors in Malaysia and Southeast Asia. Furthermore, both companies will adopt a joint branding strategy in Malaysia.

In addition, through AIIMAN, a subsidiary of AHAM, Amova Asset will further strengthen its initiatives in the Sharia-compliant investment market, which has high growth potential in the medium to long term, and promote product development tailored to the needs of local investors. The addition of AHAM's experienced operations, sales, and operations teams to the Amova Asset group will further enhance the overall competitiveness of the group, based on their deep market knowledge and long-standing customer relationships.

Stephanie Duruz, President and CEO of Amova Asset, stated, "Asia is a key focus area for Amova Asset's global growth strategy, and we are delighted to welcome AHAM as a consolidated subsidiary. This will further strengthen our foundation in Malaysia and Southeast Asia, enabling us to deepen our collaboration with AHAM and enhance our global product and service offerings."

Dato' Teng Chee Wai, Managing Director of AHAM, commented, "This consolidation is a crucial turning point for AHAM as we move into the next phase of growth with Amova Asset. Through our collaboration with Amova Asset, we aim to expand our product lineup, further improve our service standards, and enhance our access to investment opportunities in Malaysia and globally."

Amova Asset, establishing its position as a leading asset management company in Asia, plans to further expand its presence through strong business-led capital alliances, exemplified by the consolidation of AHAM.

[1] Includes assets subject to advisory and sales services.

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About Amova Asset Management

Amova Asset Management Co., Ltd. is a global asset management company headquartered in Japan. Established in Japan in 1959, it currently offers diverse investment strategies to individual and institutional investors worldwide. With over 200 investment professionals* globally, the total assets under management are approximately 43.1 trillion yen**. We aim to co-create a better tomorrow through advanced investment solutions. Amova Asset Management is a member of the Sumitomo Mitsui Trust Group. The company changed its name from Nikko Asset Management in September 2025. For more information, please visit www.amova-am.com.

* Includes officers and employees of Amova Asset Management Co., Ltd. and its consolidated subsidiaries.

** Consolidated assets under management (including investment advisory) of Amova Asset Management Co., Ltd. and its consolidated subsidiaries.

* Information stated is as of the end of March 2026, unless otherwise noted.

Amova Asset Management Co., Ltd.

Financial Instruments Business Operator, Director of Kanto Local Finance Bureau (Kinsho) No. 368

Member Associations: Certified Association of Investment Trusts and Exchange-Traded Funds, The Investment Trusts Association, Japan

About AHAM Asset Management Berhad

AHAM Asset Management Berhad (hereinafter "AHAM") is a global asset management company headquartered in Japan and a subsidiary of Amova Asset Management, a member of the Sumitomo Mitsui Trust Group. It engages in asset management and wealth management. Since commencing operations in 2001, the company has met the asset management needs of corporations, institutional investors, pension funds, government-related enterprises, high-net-worth individuals, and retail investors through diverse investment solutions including equities, fixed income, multi-asset, and alternative investments.

AIIMAN Asset Management Sdn. Bhd. (hereinafter "AIIMAN") is a wholly-owned subsidiary of AHAM and a specialized company responsible for Sharia-compliant investments. Since its establishment in 2008, it has provided comprehensive Sharia-compliant investment solutions, including equities and sukuk (Islamic bonds), to pension funds, institutional investors, corporations, and individual investors.

As of March 31, 2026, AHAM and its subsidiaries had approximately 103.4 billion Malaysian Ringgit in assets under management, encompassing both conventional and Sharia-compliant strategies. With an investment philosophy based on customer centricity and trust, AHAM manages client assets with the same discipline and responsibility as its own. For more information, please visit aham.com.my.