(Unless otherwise defined, the abbreviations used throughout this announcement shall have the same meanings as those previously defined in the Company's announcement dated 3 May 2024 in relation to the private placement.)
Reference is made to the Company's earlier announcements in relation to the private placement. The private placement was completed on 9 May 2025 and involved the issuance of 11,062,000 new ordinary shares which raised a total proceed of approximately RM12.50 million.
As at 15 April 2026, TTVHB had utilised approximately RM4.64 million from the said proceeds mostly to part finance the funding requirements/capital contributions of the joint venture between TTVHB and Autowell (Singapore) Pte. Ltd., a wholly-owned subsidiary of Wuxi Autowell Technology Co., Ltd ("JV").
The Board of Directors of TTVHB ("Board") wishes to announce that as at the date of this announcement, the Company has yet to fully utilise the proceeds raised from the private placement and the Board had resolved to extend the timeframe for the utilisation of the balance proceeds raised from the private placement amounting to RM7.86 million up to 10 September 2027 ("Extension of Time").
Further details of the Extension of Time are set out in the attachment.
This announcement is dated 28 April 2026.