We refer to the announcements dated 28 January 2022, 14 February 2022, 22 April 2022, 17 May 2022, 18 May 2022, 9 June 2022, 1 July 2022, 4 July 2022, 5 July 2022, 13 July 2022, 15 July 2022 and 18 July 2022 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the Company had, on 4 October 2022 (“Price-fixing Date”) resolved to fix the following:

(i) issue price of Rights Share at RM0.015 each (“Issue Price”), after taking into consideration the following:

a) the TEAP of Share up to and including 3 October 2022 (being the last trading day prior to the Price-fixing Date), computed based on 5D-VWAP of Share up to and including 3 October 2022 with a discount of not more than 30% to the TEAP of Share.

The Issue Price represents a discount of RM0.0016 or approximately 9.64% to the TEAP of Share up to and including 3 October 2022 of RM0.0166 each, computed based on 5D-VWAP of Share up to and including 3 October 2022 at RM0.0221 each;

b) the funding requirements of the Group under the Minimum Subscription Level (as set out in Part A, Section 3 of the circular to shareholders of ZTIB dated 18 May 2022 (“Circular”)); and

c) the rationale for the Proposed Rights Issue as set out in Part A, Section 5.3 of the Circular; and

(ii) exercise price of Warrant at RM0.015 each (“Exercise Price”), after taking into consideration the TEAP of Share up to and including 3 October 2022 with a discount of not more than 30% to the TEAP of Share.

The Exercise Price represents a discount of RM0.0016 or approximately 9.64% to the TEAP of Share up to and including 3 October 2022 of RM0.0166 each, computed based on 5D-VWAP of Share up to and including 3 October 2022 at RM0.0221 each.

This announcement is dated 4 October 2022.