CTRM ENTERS SHARE PURCHASE AGREEMENT TO ACQUIRE SPIRIT AEROSYSTEMS MALAYSIA

Proposed acquisition to further enhance the competitive position of CTRM within the global aerospace industry as a leading aerostructure supplier

SHAH ALAM, 11 AUGUST 2025 – Composites Technology Research Malaysia Sdn Bhd (“CTRM”), a wholly owned subsidiary of DRB-HICOM Berhad, has entered into a conditional share purchase agreement with Spirit AeroSystems, Inc. and Spirit AeroSystems International Holdings, Inc. for the acquisition of Spirit AeroSystems Malaysia Sdn Bhd (“Spirit MY”) (“Proposed Acquisition”) for a purchase consideration to be derived based on an enterprise value of USD95.2 million. The transaction is subject to all relevant approvals and conditions being fulfilled.

CTRM is recognised as a leading supplier of advanced aerospace composite, specialising in the development and production of composites sub-assemblies for the global aerospace industry. CTRM’s core expertise lies in developing and producing aircraft composites components, designing, developing and manufacturing composites components for aerospace as well as non-aerospace applications. CTRM also offers a range of support services such as testing laboratory facilities, composites engineering and supplier management services.

Spirit MY is a world-class engineering and manufacturing business located in Subang, Selangor and operates as a supplier to global OEMs within the aerospace industry.

It is principally involved in the production of advanced technology aerostructures, as well as the provision of ancillary services to its related companies. The company supplies key components and other assemblies for Airbus and Boeing marquee programmes, including A220, A320/A321, A350, B737 and B787. In addition to its aerospace composite and metallic assembly expertise, Spirit MY also provides engineering services, supply chain management services and shared services.

The Proposed Acquisition represents a strategic opportunity to further enhance CTRM’s competitive position in the aerospace industry by enhancing its aerostructures expertise. This would contribute towards improved scale, efficiency, and growth in various areas that would elevate CTRM’s presence in key aerospace programmes and deepen its relationships with global OEMs, expanding CTRM’s relationships with Airbus for their A220, A320, and A350 programmes, and to Boeing on the 737 and 787 programmes. At the same time, CTRM will enhance its presence across the supply chain and be better positioned for long-term competitiveness and sustainable growth in an increasingly challenging and dynamic aerospace market.

In addition, this acquisition is in line with and supports ongoing efforts to strengthen Malaysia’s position as a regional aerospace hub under the New Industrial Master Plan 2030 and the Malaysian Aerospace Blueprint 2030, as well as strategies to promote Malaysian ownership of strategic assets.

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ABOUT CTRM

www.ctrm.com.my

Composite Technology Research Malaysia Sdn Bhd (“CTRM”), a member company of DRB HICOM Berhad, specialises in the manufacturing of composites structured components for commercial and military aircraft. CTRM was incorporated on 20 November 1990 with Ministry of Finance Inc. as its principal shareholder.

CTRM was entrusted with a strategic role to develop a high technology-based industry, namely the aerospace and composites industries. The government identified these two industries as the most crucial constituents to the future industrial growth of Malaysia. CTRM started its business operations with the assemblies and manufacturing of a two-seater composite light aircraft, Eagle 150B. Today CTRM is part of the global supply chain for composites aero structure for major commercial and military aircraft manufacturers in the world. Apart from manufacturing composites aero structures, CTRM is also providing engineering design.

ABOUT DRB-HICOM

www.drb-hicom.com

DRB-HICOM Berhad (“DRB-HICOM”) is one of Malaysia’s leading group of companies with core businesses in the Automotive, Aerospace & Defence, Banking, Postal, Services, and Properties sectors. With 89 active companies in its stable and more than 42,000 employees group-wide, DRB-HICOM’s aim is to continue adding value and propelling the nation’s development. In the Automotive sector, DRB- HICOM is involved in the manufacturing, assembly and distribution of passenger and commercial vehicles, including the national motorcycle. In Aerospace and Defence, DRB- HICOM is involved through its subsidiaries CTRM and DEFTECH, while it is represented in the postal segment through its subsidiaries Pos Malaysia, and banking through Bank Muamalat.

In the Services segment, DRB-HICOM is involved in various businesses, including concession, education, aviation and logistics and investment holdings whereas in Properties, DRB-HICOM is involved in the development of industrial properties.

STATEMENT ON FORWARD – LOOKING DISCLOSURES

All statements herein, other than historical facts, contain forward-looking statements and are based on DRB-HICOM’s current forecasts, expectations, targets, plans, and evaluations. Any forecasted value is calculated or obtained based on certain assumptions. Forward-looking statements involve inherent risks and uncertainties.

A number of significant factors could therefore cause actual results to differ from those contained in any forward-looking statement. Significant risk factors include:

• Feasibility of each target and initiative as laid out in this news release;
• Fluctuations in interest rates, exchange rates and oil prices;
• Changes in laws, regulations and government policies; and
• Regional and/or global socioeconomic changes.

Potential risks and uncertainties are not limited to the above and DRB-HICOM are not under any obligation to update the information in this news release to reflect any developments or events in the future. If you are interested in investing in DRB-HICOM, your investment decision is at your own risk, taking the foregoing into consideration. Please note that neither DRB-HICOM nor any third-party providing information shall be responsible for any loss or damage that may result from your investment in DRB-HICOM based on the information presented in this news release.