Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Proposals.

On behalf of the Board of Directors of the Company, M&A Securities is pleased to announce that Bursa Securities had approved the listing and quotation of up to 870,826,000 Placement Shares on the Main Market of Bursa Securities subject to the following conditions:

(i)    G3 Global and M&A Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii)   G3 Global is required to furnish Bursa Securities with a certified true copy of the resolution passed by its shareholders at a general meeting for the Proposed Private Placement;

(iii)  M&A Securities is required to furnish Bursa Securities with details of the placees as per Paragraph 6.15 of the Listing Requirements for Bursa Securities’s review, prior to the issuance/allotment of the Placement Shares;

(iv)  M&A Securities is required to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new Shares to be issued pursuant to the Proposed Private Placement;

(v)   G3 Global and M&A Securities are required to inform Bursa Securities upon the completion of the Proposed Private Placement;

(vi) G3 Global is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed; and

(vii) G3 Global is required to provide quarterly updates via Bursa Link (simultaneous with the submission of Quarterly Report), the following:

1. the status of each of the event, project or purpose for which the total proceeds raised from the Proposed Private Placement are utilised for, including but not limited to, the percentages of completion of the projects/initiatives;
2. where relevant, details on where the balance of proceeds raised is being placed (pending utilisation). If it is parked with asset management company/fund manager, to disclose the name of the asset management company/fund manager; and
3. summary of Placement Shares issued and allotted as follows:

• date of price fixing and date of issuance of Placement Shares (each tranche);
• quantity of Placement Shares issued and allotted;
• issue price and basis in arriving at (each tranche); and
• aggregate number of Placement Shares issued and allotted as at the end of each quarter.

This announcement is dated 2 March 2023.