We refer to the announcements made on 15 March 2021, 18 March 2021, 22 April 2021, 20 May 2021, 4 June 2021, 21 June 2021, 28 June 2021, 8 September 2021 and 23 September 2021 in relation to the Rights Issue of ICPS (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of Minetech, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue of ICPS at 5.00 p.m. on 8 October 2021 (“Closing Date”), the Company has received valid acceptances and excess applications for a total of 847,936,762 ICPS, representing a subscription rate of 145.53% over the total number of ICPS available for subscription under the Rights Issue of ICPS, resulting in an over-subscription rate of 45.53%.

The details of valid acceptances and excess applications received as at the Closing Date for the Rights Issue of ICPS are as follows:

In accordance with the procedure for excess application as stipulated in the Abridged Prospectus dated 23 September 2021, the Board has allotted the Excess ICPS in a fair and equitable basis as they deem fit and expedient in the best interest of the Company in the following priority:

1.   Firstly, to minimise the incidence of odd lots;

2.   Secondly, for allocation to Entitled Shareholders who have applied for the Excess ICPS, on a pro-rata basis and in board lot, calculated based on their respective shareholdings in the Company as at the Entitlement Date;

3.   Thirdly, for allocation to Entitled Shareholders who have applied for the Excess ICPS, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess ICPS applied for; and

4.   Finally, for allocation to renouncee(s) and/ or transferee(s) (if applicable) who have applied for the Excess ICPS, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess ICPS applied for.

For the remaining Excess ICPS after steps (i) to (iv) have been carried out, steps (ii) to (iv) have been repeated until all remaining Excess ICPS have been allocated.

The ICPS are expected to be listed and quoted on the Main Market of Bursa Securities on 25 October 2021.

This announcement is dated 15 October 2021.