We refer to the announcements dated 7 December 2021 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board of Directors of TAFI, AmInvestment Bank is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has vide its letter dated 27 December 2021, granted its approval for the following:

1. listing and quotation of up to 252,951,400 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares;

2. admission to the Official List and listing and quotation of up to 63,237,850 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and

3. listing and quotation of up to 63,237,850 new TAFI Shares to be issued arising from the exercise of Warrants.

The above approval by Bursa Securities are subject to the following conditions:-

(i) TAFI and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements (“Listing Requirements”) pertaining to the implementation of the Proposals;

(ii) TAFI is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the extraordinary general meeting approving the Proposals;

(iii) TAFI and AmInvestment Bank are required to inform Bursa Securities upon completion of the Proposals;

(iv) TAFI to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed; and

(v) TAFI and AmInvestment Bank to make the relevant announcements in accordance with Paragraphs 6.35(2)(a)&(b) and 6.35(4) of the Listing Requirements;

(vi) TAFI and AmInvestment Bank are required to provide a written confirmation that the terms of the Warrants are in compliance with paragraph 6.54(3) of the Listing Requirements; and

(vii) Payment of additional listing fees pertaining to the exercise of Warrants, if relevant. In this respect, TAFI is required to furnish Bursa Securities on a quarterly basis a summary of the total number of new shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of the listing fees payable.

This announcement is dated 27 December 2021.