Reference is made to the Company’s announcement dated 11 August 2021 in relation to the Private Placement (“Announcement”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the aforesaid Announcement.

The Board wishes to announce that the Company intends to vary the utilisation of proceeds from the Private Placement following the listing of and the quotation of the 65,837,000 Placement Shares on the ACE Market of Bursa Malaysia Securities Berhad on 11 August 2021. Pursuant to the Private Placement, the Company had raised gross proceeds of approximately RM8.89 million (“Private Placement Proceeds”).

Further details relating to the above matter are set out in the attachment herein.

This announcement is dated 6 September 2021.