We refer to the abridged prospectus dated 3 May 2021 (“Abridged Prospectus”) and the previous announcements in relation to the Rights Issue with Free Warrants. The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Abridged Prospectus, where applicable.

On behalf of the Board, UOBKH wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue with Free Warrants at 5.00 p.m. on Thursday, 20 May 2021, the total acceptances and excess applications for the Rights Issue with Free Warrants were 523,976,983 Rights Shares, which represents an over-subscription of 101.23% over the total number of Rights Shares available for subscription under the Rights Issue with Free Warrants. Based on the total acceptances and excess applications, the proceeds raised from the Rights Issue with Free Warrants amounts to RM13.02 million.

The details of the subscription are set out below:-

The successful applicants for the Rights Shares will be given Warrants C on the basis of 1 Warrant C for every 1 Rights Share successfully subscribed for.

It is the intention of the Board to allot the Excess Rights Shares with Warrants C, if any, on a fair and equitable basis and in the following priority:-

1. firstly, to minimise the incidence of odd lots;
2. secondly, for allocation to Entitled Shareholders who have applied for Excess Rights Shares with Warrants C, on a pro-rata basis and in board lot, calculated based on their respective shareholdings in Digistar as at the Entitlement Date;
3. thirdly, for allocation to Entitled Shareholders who have applied for Excess Rights Shares with Warrants C, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess Rights Shares with Warrants C applied for; and
4. finally, for allocation to renouncee(s)/transferee(s) who have applied for Excess Rights Shares with Warrants C, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess Rights Shares with Warrants C applied for.

In the event there is any remaining balance of the Excess Rights Shares with Warrants C applied for by the Entitled Shareholders and/or renouncee(s)/transferee(s) who have applied for the Excess Rights Shares with Warrants C after carrying out steps (i) to (iv) as set out above, steps (ii) to (iv) will be repeated again in the same sequence to allocate the remaining balance of the Excess Rights Shares with Warrants C to the Entitled Shareholders and/or renouncee(s)/transferee(s) who have applied for the Excess Rights Shares with Warrants C until such balance is fully allocated.

Nevertheless, the Board reserves the right to allot any Excess Rights Shares with Warrants C applied for in such manner as the Board deems fit and expedient in the best interest of Digistar subject always to such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in steps (i) to (iv) above are achieved.

The Rights Shares and Warrants C are expected to be listed and quoted on the Main Market of Bursa Securities on 1 June 2021.

This announcement is dated 27 May 2021.