On behalf of the Board of Directors of CFM (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:

(i)         proposed private placement of up to 61,500,000 new ordinary shares in CFM, representing up to 30% of the total number of issued shares of CFM to independent third-party investors to be identified later and at an issue price to be determined later (“Proposed Private Placement”);

(ii)         proposed bonus issue of up to 133,250,000 warrants in CFM (“Warrants”) on the basis of 1 Warrant for every 2 ordinary shares in CFM held on an entitlement date to be determined and announced later (“Proposed Bonus Issue of Warrants”); and

(iii)        proposed establishment of a share issuance scheme of up to 15% of the total number of issued shares of CFM (excluding treasury shares, if any) to the eligible directors and eligible employees of CFM and its subsidiaries (“Proposed SIS”).

Further details of the Proposals are set out in the attachment below.

This announcement is dated 21 June 2022.