On behalf of the Board of Directors of D&O (“Board”), Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that D&O had issued offer letters to the remaining shareholders of Dominant Opto Technologies Sdn Bhd (“Dominant”) (other than Epistar Corporation, the strategic partner of Dominant, Tay Kheng Chiong, the Group Managing Director of D&O and Dominant and Low Tek Beng, the Chief Operating Officer of Dominant) (“Offerees”), to acquire their 30,750,000 ordinary shares in Dominant (“Dominant Shares”), representing approximately 27.95% of its equity interest, for a total purchase consideration of RM275,212,500 or RM8.95 per Dominant Share which is to be satisfied via the issuance of new irredeemable convertible preference shares in D&O (“ICPS”) (“Offer Letters”), subject to the terms and conditions of the share purchase agreement attached to the Offer Letters.

Following the acceptance of the Offer Letters by Thames Electronics Sdn Bhd (“Thames”) and Cambrew Asia Limited (“Cambrew”) (collectively, the “Vendors”), being two of the shareholders of Dominant, on behalf of the Board, Maybank IB wishes to announce that D&O has today entered into separate conditional share purchase agreements (“SPAs”) with Thames and Cambrew to acquire a total of 13,700,000 Dominant Shares, representing approximately 12.45% equity interest in Dominant, for a total purchase consideration of RM122,615,000 (“Purchase Consideration”) or RM8.95 per Dominant Share. The Purchase Consideration will be satisfied via the issuance of 201,008,195 ICPS at an issue price of RM0.61 per ICPS.  

Please refer to the attachment for further details.