We refer to the abridged prospectus dated 12 August 2021 (“Abridged Prospectus”) and the previous announcements in relation to the Rights Issue of 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 of Warrants at 5.00 p.m. on Friday, 27 August 2021, the total acceptances and excess applications for the Rights Issue of Warrants were 600,342,695 Warrants, which represents an over-subscription of 450.34% over the total number of Warrants available for subscription under the Rights Issue of Warrants. Based on the total acceptances and excess applications, the proceeds raised from the Rights Issue of Warrants amounts to RM3.27 million.

The details of the subscription are set out below:-

It is the intention of the Board to allot the Excess Warrants, 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 Warrants, on a pro-rata basis and in board lot, calculated based on their respective shareholdings in Engtex as at the Entitlement Date;
3. thirdly, for allocation to Entitled Shareholders who have applied for Excess Warrants, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess Warrants applied for; and
4. finally, for allocation to renouncee(s)/transferee(s) who have applied for Excess Warrants, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess Warrants applied for.

In the event there is any remaining balance of the Excess Warrants applied for by the Entitled Shareholders and/or renouncee(s)/transferee(s) who have applied for the Excess Warrants after carrying out steps 1 to 4 as set out above, steps 2 to 4 will be repeated again in the same sequence to allocate the remaining balance of the Excess Warrants to the Entitled Shareholders and/or renouncee(s)/transferee(s) who have applied for the Excess Warrants until such balance is fully allocated.

Nevertheless, the Board reserves the right to allot any Excess Warrants applied for in such manner as the Board deems fit and expedient in the best interest of Engtex 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 1 to 4 above are achieved.

The Warrants are expected to be listed and quoted on the Main Market of Bursa Securities on 8 September 2021.

This announcement is dated 3 September 2021.