Reference is made to the Company’s announcements dated 8 July 2020, 27 May 2021, 7 January 2022, 13 January 2022, 14 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022,1 September 2022, 3 October 2022, 1 November 2022, 4 November 2022, 29 November 2022, 1 December 2022 and 21 December 2022, 3 January 2023, 2 February 2023, 27 February 2023, 1 March 2023, 4 April 2023, 2 May 2023, 1 June 2023, 15 June 2023, 30 June 2023, 3 July 2023, 27 July 2023, 1 August 2023, 1 September 2023, 2 October 2023, 5 October 2023, 1 November 2023, 1 December 2023, 22 December 2023, 2 January 2024, 19 January 2024, 2 February 2024, 1 March 2024, 1 April 2024, 2 May 2024, 4 June 2024, 28 June 2024, 2 July 2024, 9 July 2024, 1 August 2024, 19 August 2024, 2 September 2024, 1 October 2024, 23 October 2024 and 1 November 2024 (“Announcements”).

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that RHB Investment Bank Berhad, on behalf of the Company, had on 23 October 2024 announced that the Company is proposing to undertake the Proposed Capital Reduction to regularise its financial condition.

As announced on 19 August 2024, Bursa Securities had granted the Company an extension of time until 31 December 2024 for the Company to submit its regularisation plan to the relevant regulatory authorities. Therefore, the Company has approximately one (1) month to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same.

The Company will make the necessary announcement(s) regarding the development of the Proposed Regularisation Plan accordingly.

This announcement is dated 2 December 2024.