Reference is made to our announcements dated 16 August 2022 in relation to the offering of 35,000,000 European-style non-collateralised cash-settled call warrants over the ordinary shares of TOPGLOV (“Existing Issue”) and 17 April 2023 in relation to the proposed further issue of up to 50,000,000 European-style non-collateralised cash-settled call warrants over the ordinary shares of TOPGLOV (“Further Issue”).

The purpose of the Further Issue is to facilitate the market making process of the Existing Issue. The Further Issue will form part of the Existing Issue and the terms and conditions of the Further Issue will be identical with the Existing Issue.

The TOPGLOV-C2X is constituted by the Deed Poll dated 19 May 2022 executed by us, as supplemented from time to time. The TOPGLOV-C2X is subject to terms and conditions of the Base Prospectus dated 25 May 2022, the First Supplementary Base Prospectus dated 2 September 2022, the Second Supplementary Base Prospectus dated 28 December 2022, the Existing Issue Term Sheet dated 16 August 2022 and the Further Issue Term Sheet dated 20 April 2023.

The TOPGLOV-C2X will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 25 May 2022, the First Supplementary Base Prospectus dated 2 September 2022 and the Second Supplementary Base Prospectus dated 28 December 2022.

A summary of principal terms of the TOPGLOV-C2X is set out in Table 1.

This announcement is dated 20 April 2023.