We refer to the announcements dated 9 August 2019, 2 October 2019, 15 November 2019, 28 November 2019, 23 December 2019, 30 April 2020, 9 November 2020, 19 February 2021, 1 March 2021 and 2 March 2021 in relation to the Private Placement (“Announcements”) as well as the Circular dated 29 November 2019 (“Circular”). Unless otherwise defined, the definitions set out in the previous Announcements and Circular shall apply herein.

On behalf of the Board, AmInvestment Bank wishes to announce that the approval from Bursa Securities for the extension of time of up to 15 May 2021 to complete the implementation of the Private Placement (“EOT”) had lapsed on 15 May 2021.

Under the Private Placement, the Company had on 2 March 2021 completed the listing of 90,000,000 Placement Shares at an issue price of RM1.13 per share (“First Tranche”).

Subsequent to the First Tranche, the Company, after taking into consideration, amongst others, the prevailing market condition, had decided to not to place out the remaining Placement Shares. Thus, the Private Placement is deemed completed upon the expiry of the EOT.

This announcement is dated 17 May 2021.