On behalf of the Board of Directors of Samaiden, Alliance Investment Bank Berhad wishes to announce that the Company proposes to undertake a proposed private placement of up to 31,500,000 new ordinary shares in Samaiden, which represent up to 10% of the total number of issued shares of Samaiden (“Proposed Private Placement”).

Further details of the Proposed Private Placement are set out in the attachment.

This announcement is dated 25 October 2021.