We refer to the announcements made on 12 May 2020 and 14 May 2020 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of Minetech, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 19 May 2020, approved the listing of and quotation for up to 105,938,900 new Minetech Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i)   Minetech and TA Securities must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii)  Minetech and TA Securities to inform Bursa Securities upon the completion of the Proposed Private Placement;

(iii) Minetech to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed;

(iv) TA Securities to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements for Bursa Securities’ review, prior to the issuance/allotment of the placement shares; and

(v) In the event the Proposed Private Placement is not completed before the next Annual General Meeting, Minetech to furnish a certified true copy of the resolution passed by Minetech’s shareholders for a general mandate under Sections 75 and 76 of the Companies Act, 2016 at Minetech’s forthcoming Annual General Meeting.

This announcement is dated 19 May 2020