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HARVEST MIRACLE CAPITAL BERHAD (“HMCB” OR “COMPANY”) ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 IN HMCB AS CONSTITUTED BY THE DEED POLL DATED 16 MARCH 2021 (“WARRANTS C”) PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 1,230,405,981 NEW ORDINARY SHARES IN HMCB (“SHARES”) (“RIGHTS SHARES”) ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 SHARE HELD AS AT 5.00 P.M. ON 19 DECEMBER 2024 AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE, TOGETHER WITH 615,202,834 FREE DETACHABLE WARRANTS (“WARRANTS D”) ON THE BASIS OF 1 WARRANT D FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR (“RIGHTS ISSUE”)
Pursuant to the adjustments to the exercise price and number of outstanding Warrants C arising from the Rights Issue (“Adjustments”): (i) the existing number of 41,981,884 outstanding Warrants C as at the Entitlement Date will be adjusted into 88,808,194 Warrants C (after disregarding the fractional entitlements arising from the Adjustments), whereby the additional 46,826,310 Warrants C will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 21 January 2025; and (ii) the exercise price of the Warrant C of RM0.51 each will be revised to RM0.23 each. The additional Warrants C arising from the Adjustments were issued based on the entitlement ratio of 1.1154: 1.0000 (additional Warrants C: existing number of outstanding Warrants C as at the Entitlement Date). The notice setting out the details of the Adjustments has been issued and despatched to entitled Warrants C holders on 17 January 2025. This announcement is dated 20 January 2025.