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BONUS ISSUE OF 30,201,970 NEW WARRANTS IN CN ASIA CORPORATION BHD ("CN ASIA" OR THE "COMPANY") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN CN ASIA ("CN ASIA SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF CN ASIA AT 5.00 P.M. ON 1 JUNE 2021
Each Warrant carries the entitlement to subscribe for 1 new CN Asia Share at the exercise price of RM0.42 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 12 May 2021. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith. If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day. This announcement is dated 11 June 2021.