We refer to the announcements dated 25 July 2023, 1 August 2023, 7 September 2023, 16 October 2023, 30 October 2023 and 15 November 2023 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions for capitalised terms as set out in the Announcements shall apply herein.

On behalf of the Manager, CIMB and Maybank IB wish to announce that following the bookbuilding exercise for the Placement, the Manager had on 22 November 2023 fixed the issue price for the Placement at RM0.75 per Placement Unit, which represents a discount of approximately 9% to the 5-day VWAP of the Units up to and including 22 November 2023 of RM0.8261. The Placement Units were fully subscribed.

Pursuant to the Placement, 89,151,300 Placement Units will be allocated to successfully identified placees and 34,568,700 Placement Units will be allocated to MRCB. Accordingly, the Placement will raise gross proceeds of RM92.8 million.

CIMB and Maybank IB acted as the joint placement agents for the Placement.

This announcement is dated 22 November 2023.