We refer to the Company’s announcements dated 22 October 2021, 1 December 2021, 2 December 2021 and 9 December 2021 in relation to the Company’s appeal on the decision by Bursa Malaysia Securities Berhad (“Bursa Securities”) to de-list the securities of THHE and to reconsider its decision to grant a further extension of time.

On behalf of the Board of Directors of THHE, Public Investment Bank Berhad wishes to announce that Bursa Securities had vide its letter dated 4 March 2022 informed that after due consideration of all facts and circumstances of the appeal submitted by the Company on 9 December 2021, Bursa Securities has decided to allow the appeal and grant the Company an extension of time until 22 August 2022 to submit the regularisation plan to the relevant authorities for approval (“Extended Timeframe”).

Bursa Securities has further decided to de-list the securities of the Company from the Official List of Bursa Securities pursuant to Paragraph 8.04 of the Main Market Listing Requirements in the event that:

(i)  the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 22 August 2022;

(ii)  the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

(iii)  the Company does not succeed in its appeal; or

(iv)  the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

Upon occurrence of any of the events set out in (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date the Company is notified by Bursa Securities or on such other date as may be specified by Bursa Securities.

This announcement is dated 8 March 2022.