Unless otherwise defined, the definitions set out in the previous announcements in relation to the Proposals shall apply herein.

Reference is made to the announcement dated 11 January 2023 in relation to the Proposals, whereby, the Company had on the even date submitted the additional listing application for the Proposed Rights Issue With Warrants and the draft circular to shareholders in relation to the Proposals to Bursa Securities (“Application”).

On behalf of the Board, M&A Securities wishes to announce that the Company has submitted an application to Bursa Securities for the withdrawal of the Application with the intention to submit an updated valuation report and valuation certificate in relation to the Proposed Acquisition to Bursa Securities (“Withdrawal Application”). Further, Bursa Securities has taken note of the Withdrawal Application and the Board shall make further announcement on the Proposals in due course.

This announcement is dated 9 February 2023.