We refer to the Company’s announcement dated 26 July 2024 in relation to “PRACTICE NOTE 17 / GUIDANCE NOTE 3: SUSPENSION AND/OR DELISTING”. Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the said announcement.

As announced on 26 July 2024 by the Company, Bursa Securities had via its letter dated 25 July 2024, has decided to: -

(1) dismiss the Company’s appeal for a further extension of time to submit the regularisation plan to the relevant authorities for approval; and

(2) de-list the Company from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Main Market Listing Requirements.

In the circumstances, the securities of the Company will be removed from the Official List of Bursa Securities on Tuesday, 30 July 2024.

While the Board acknowledged and submitted an appeal against the aforesaid decision on 26 July 2024 via email, the Board had also submitted the same via writing on 29 July 2024 in respect of the following:-

1. appeal against the decision of Bursa Securities to de-list the securities of the Company from the Official List of Bursa Securities; and
2. subject to the appeal being considered favourably by Bursa Securities, to seek for an extension of time to submit a regularisation plan.

(To be referred to as Appeal/EOT Application).

The Company has, on 29 July 2024, considered re-appoint Malacca Securities Sdn. Bhd. as potential Principal Adviser (“PA”) to the Company for purposes of the regularisation plan to be submitted by the Company to the relevant authorities pursuant to Paragraph 8.04(3) of the Listing Requirements and Paragraph 5.0 of PN17 of the Listing Requirements, subject to the decision of Bursa Securities on the Appeal/EOT Application.

Subsequently, on 29 July 2024, the Company has received a decision letter from the Appeals Committee of Bursa Securities stating that the de-listing decision is final. Hence, the securities of the Company will be de-listed on 30 July 2024.

This Announcement is dated 29 July 2024.