This announcement is dated 22 November 2022.

Reference is made to the Company’s earlier announcements dated 10 March 2022, 26 April 2022, 17 May 2022, 22 June 2022, 1 July 2022, 4 July 2022, 25 October 2022,10 November 2022 and 15 November 2022, circular to shareholders in relation to, amongst others, the Proposed Share Capital Reduction dated 31 May 2022 (“Circular”) and the outcome of extraordinary general meeting dated 22 June 2022 in relation to, amongst others, the Proposed Share Capital Reduction. Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Circular.

On behalf of the Board, Malacca Securities wishes to announce that an office copy of the sealed order of the High Court of Malaya confirming the Proposed Share Capital Reduction has been lodged with the Companies Commission of Malaysia on 22 November 2022. Pursuant thereto, the Proposed Share Capital Reduction shall therefore take effect and be deemed completed on 22 November 2022.