We wish to announce that SUPERMX-C2Y had expired at 9.00 a.m. on 16 January 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of SUPERMX-C2Y exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of SUPERMX-C2Y exercised x (1/4) x (RM0.8228 - RM1.4500) 
= Number of SUPERMX-C2Y exercised x RM0.0000 

The Closing Price of RM0.8228 is the average daily volume weighted average price (VWAP) of the ordinary shares of SUPERMX for the five (5) market days prior to and including the market day immediately before the Expiry Date. The SUPERMX-C2Y is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised SUPERMX-C2Y will cease to be valid and all our obligations in respect to SUPERMX-C2Y shall terminate absolutely.

This announcement is dated 16 January 2023.