Reference is made to the Company’s announcements on 25 March 2022, 3 June 2022, 10 June 2022, and the subsequent monthly announcements dated 8 July 2022, 1 August 2022, 1 September 2022, 3 October 2022 and 1 November 2022. Pursuant to Paragraph 8.03A(2)(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Company is considered as an affected listed issuer.

The Board of Directors of IWCity wishes to announce that Maybank Investment Bank Berhad (“Maybank IB”) had been appointed as the Principal Adviser to the Company to address the Company’s status as an affected listed issuer.

The Company has approximately 3 months (on or before 24 March 2023) to submit a regularisation plan to the relevant authorities for approval and will make further announcements in relation to any latest development in accordance with the requirements under Paragraph 8.03A of the MMLR.

This announcement is dated 1 December 2022.