On behalf of the Board of Directors of the Company (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities” or the “Principal Adviser”) wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 1,075,350,500 new ordinary shares in the Company (“ARB Shares” or “Shares”) (“Rights Shares”) on the basis of 1 Rights Share for every 1 existing Share held by the entitled shareholders of the Company on an entitlement date to be determined and announced later (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue”).

Please refer to the attachment for further details on the above.

This announcement is dated 3 November 2021.