Reference is made to our announcements dated 28 May 2020 in relation to the offering of 50,000,000 European-style non-collateralised cash-settled call warrants over the ordinary shares of KOSSAN (“Existing Issue”) and 29 January 2021 in relation to the proposed further issue of up to 35,000,000 European-style non-collateralised cash-settled call warrants over the ordinary shares of KOSSAN (“Further Issue”).

The purpose of the Further Issue is to facilitate the market making process of the Existing Issue. The Further Issue will form part of the Existing Issue and the terms and conditions of the Further Issue will be identical with the Existing Issue.

The KOSSAN-C7 is constituted by the Deed Poll dated 13 May 2020 executed by us, as supplemented from time to time. The KOSSAN-C7 is subject to terms and conditions of the Base Prospectus dated 18 May 2020, the First Supplementary Base Prospectus dated 9 October 2020, the Existing Issue Term Sheet dated 28 May 2020 and the Further Issue Term Sheet dated 8 February 2021.

The KOSSAN-C7 will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 18 May 2020 and the First Supplementary Base Prospectus dated 9 October 2020.

A summary of principal terms of the KOSSAN-C7 is set out in Table 1.

This announcement is dated 8 February 2021.