We refer to the Company’s announcements dated 27 January 2022 and 28 January 2022 in relation to the First Announcement and the announcements made on 16 August 2023, 23 August 2023, 13 October 2023, 26 January 2024, 29 January 2024, 4 March 2024 and 19 July 2024. Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the said announcements.

On behalf of the Board of Directors of Nylex, Maybank IB wishes to announce that Bursa Securities has via its letter dated 24 September 2024, decided to allow the Further Appeal and grant Nylex an extension of time of 6 months until 26 January 2025 as requested by Nylex to submit its regularisation plan to the relevant authorities for approval ("Extended Timeframe").

Bursa Securities has further decided to de-list the securities of the Company from the Official List of Bursa Securities pursuant to paragraph 8.03A(3) of the Listing Requirements in the event: -

(i) the Company fails to submit the proposed regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 26 January 2025;

(ii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

(iii) the Company does not succeed in its appeal; or

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

In this respect, upon occurrence of any of the events set out in paragraphs (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon expiry of two (2) market days from the date the Company is notified by Bursa Securities or on such date as may be specified by Bursa Securities.

In arriving at the aforesaid decision to de-list, Bursa Securities had affirmed similar factors as set out in its letter dated 13 October 2023, details of which were announced on the even date.

This Announcement is dated 24 September 2024.