(Unless otherwise stated, all abbreviations used in this Announcement shall have the same meanings as defined in the Company’s announcement dated 17 September 2019 in relation to the Proposed Acquisition)

We refer to the Company’s announcements dated 17 September 2019, 11 October 2019, 21 November 2019, 9 December 2019 and 17 February 2020 in relation to the Proposed Acquisition.

On behalf of the Board, Maybank IB wishes to announce that PHSB and PMV have, via a letter of extension issued by PHSB on 12 May 2020 and accepted by PMV, mutually agreed to further extend the Long Stop Date of the SPA from 13 May 2020 to 14 August 2020 (“Second Extension”) for the fulfilment of the remaining conditions precedent under the SPA, namely, regulatory approvals and/or waiver from the MOH and EPU.

Save for the Second Extension, all other terms and conditions of the SPA remain the same.

In view of the above, the Proposed Acquisition is expected to complete in the third quarter of 2020.

This Announcement is dated 13 May 2020.