On behalf of the Board of Directors of Cabnet (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company had on 12 May 2021 entered into a conditional share purchase agreement (“SPA”) with Murugesu A/L Vindasamy, Tan Tian Yee and Kong Tze Senn (“Vendors”, collectively) for the proposed acquisition of 800,000 ordinary shares in CEE M&E Engineering Sdn. Bhd. (“CMESB”) (“CMESB Shares” or “Sale Shares”), representing 100% equity interest in CMESB, for a purchase consideration of RM16,290,000 (“Purchase Consideration”), to be fully satisfied in cash.

Please refer to the attachment for further details of the Proposed Acquisition.

This announcement is dated 12 May 2021.