We refer to the Company’s announcement dated 11 January 2021 and its subsequent announcements in relation to the Proposed Acquisition.

On behalf of the Board of Directors of HLT, KAF Investment Bank Berhad (“KAF IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 8 February 2021, resolved to approve the listing of 90,000,000 new ordinary shares in HLT to be issued pursuant to the Proposed Acquisition.

The approval by Bursa Securities for the Proposed Acquisition is subject to the following conditions:-

(i) HLT and KAF IB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Acquisition.

(ii) HLT and KAF IB to inform Bursa Securities upon the completion of the Proposed Acquisition.

(iii) HLT to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition is completed.

(iv) Compliance by HLT with public shareholding spread upon completion of the Proposed Acquisition. In this connection, KAF IB is to furnish a schedule containing the information set out in Appendix 8E, Chapter 8 of the Listing Requirements to Bursa Securities, upon completion of the Proposed Acquisition.

HLT is also required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.

This announcement is dated 8 February 2021.