(For consistency, the abbreviations used throughout this announcement shall have the same meaning as defined in the announcements dated 7 December 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

We refer to the earlier announcements in relation to the Private Placement dated 7 December 2020, 9 December 2020, 10 December 2020, 14 December 2020, 16 December 2020 and 29 December 2020.

On behalf of the Board, TA Securities wishes to announce that the Board had on 19 January 2021 (“Price-fixing Date”) fixed the issue price for the placement of 50,000,000 Placement Shares at RM0.30 per Placement Share (“Issue Price”).

The Issue Price represents a premium of approximately 0.33% to the 5-day VWAP of Yong Tai Shares up to and including 18 January 2021 of RM0.299, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 19 January 2021.