CHINHIN-CE - Notice of Book Closure

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF CHIN HIN GROUP BERHAD ("CHINHIN") ("CHINHIN-CE") PURSUANT TO THE BONUS ISSUE OF 885,081,996 NEW ORDINARY SHARES IN CHINHIN ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 ORDINARY SHARE IN CHINHIN HELD ON 19 AUGUST 2022 ("BONUS ISSUE")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 18 Aug 2022
2)  The last date of lodgment : 19 Aug 2022
 

Remarks:

In accordance with Condition 2, Part 1 of the Deed Poll dated 20 October 2021 - Adjustment of Exercise Price, Underlying Index, Exercise Level and/or Exercise Ratio, the Exercise Ratio and Exercise Price of CHINHIN-CE will be adjusted in accordance with the following formula:

Adjustment pursuant to the Bonus Issue

1. Adjusted Exercise Ratio = E / (1 + N)

2. Adjusted Exercise Price = X / (1 + N)

Whereby in respect of this Condition 2.1.1(a)(i) and (ii):

X: RM3.3000; being the existing Exercise Price immediately prior to the Bonus Issue

N: 1.0000, being the number of additional Share (whether a whole or a fraction) received by a holder of existing Share for each share of CHINHIN held prior to the Bonus Issue

E: 5.0000, being the existing Exercise Ratio immediately prior to the Bonus Issue

For avoidance of doubt, reference should be made to the Base Prospectus dated 22 October 2021, the First Supplementary Base Prospectus dated 4 February 2022, the Second Supplementary Base Prospectus dated 6 May 2022 and the terms and conditions therein shall prevail.