NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "COMPANY")
ACQUISITION OF 65% OF EQUITY IN ARITA HOLDINGS SDN BHD ("AHSB") BY NMED INDUSTRIES SDN BHD, A SUB-SUBSIDIARY OF THE COMPANY ("PROPOSED ACQUISITION")

We refer to your Company’s announcement dated 14 October 2020, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1. The names of Elite Plastic Ventures Sdn Bhd's directors and substantial shareholders together with their respective direct and/or indirect shareholdings.
2. Net profits and net assets of AHSB based on its latest audited accounts.
3. The basis of determining the issue price of the RCPS in NMEDI at RM19.50 per RCPS and justification.
4. The ranking of the new NMEDI shares arising from the RCPS conversion.
5. Particulars of all liabilities, including contingent liabilities and guarantees to be assumed by the Nexgram/NMEDI, arising from the Proposed Acquisition.
6. Whether the Proposed Acquisition is subject to the approval of the  shareholders and the relevant government authorities. In the case of approval from the relevant government authorities, the estimated time frame for submission of the application to such authorities.
7. The estimated time frame to complete the Proposed Acquisition.
8. The risks in relation to the Proposed Acquisition.
9. The prospects of AHSB.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

LISTING

REGULATION

Cc : Market Surveillance Dept., Securities Commission (via fax)