(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 24 August 2022 in relation to the Proposed Acquisition, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements dated 24 August 2022, 26 August 2022, 24 November 2022, 30 November 2022, 22 December 2022, 13 February 2023 and 22 February 2023 in relation to the Proposed Acquisition.

On behalf of the Board, TA Securities wishes to announce that the Company and the Vendors (the “Parties”) had mutually agreed to revoke the SSA pursuant to a deed of revocation entered between the Parties on 30 March 2023 (“Deed of Revocation”). Following thereto, the SSA shall be immediately revoked and be of no further effect.

Notwithstanding the above, the Parties are desirous to renegotiate the terms and conditions contained in the SSA and if the Parties are able to agree on such revised terms and conditions, a new share sale agreement for the Proposed Acquisition will be entered into by the Parties.

The Company will make an immediate announcement on Bursa Securities should a new share sale agreement is entered into between the Parties, in compliance with the Listing Requirements.

This announcement is dated 30 March 2023.