We refer to the announcements dated 18 December 2020, 23 December 2020, 14 January 2021, 15 January 2021, 18 January 2021 and 2 February 2021 (“Announcements”).

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

On behalf of the Board, Affin Hwang IB wishes to announce that the Company had, on 5 February 2021, submitted an application in relation to the Proposed Acquisition to the Investment Commission, MOEA. The Investment Commission, MOEA had, vide its letter dated 30 March 2021 (received on 31 March 2021) approved the said application (“Approval Letter”).

Pursuant to the Approval Letter, the Proposed Acquisition shall be completed within one (1) year, failing which such investment in Taiwan will become invalid. The Company, if having legitimate grounds, may apply to the Investment Commission, MOEA for an extension, and shall do so before the foregoing specified deadline, or the Proposed Acquisition will become invalid.

This announcement is dated 1 April 2021.