Reference is made to the First Announcement made on 6 November 2019 and the monthly announcements made by the Company in relation to the Company being classified as a PN17 Issuer pursuant to the requirements under PN17 of the Listing Requirements (collectively referred to as “Announcements”). The terms herein shall bear the same meaning as defined in the Announcements.

The Board of Directors of the Company wishes to announce that Malacca Securities had, on behalf of Iqzan on 24 November 2022, submitted an application to Bursa Securities for a further extension of time of approximately four (4) months until 31 March 2023 to submit its regularisation plan to the relevant regulatory authorities (“Application”). As at the date of this announcement, the Application is pending the consideration and decision from Bursa Securities.

Save for the Application, there are no other material developments on the regularisation plan of Iqzan.

This announcement is dated 1 December 2022.