Investor Relations

Reference is made to the Company's announcements on 12 December 2018, 2 May 2019, 8 May 2019, 18 June 2020, 21 August 2020, 21 September 2020, 19 November 2020, 5 March 2021, 23 April 2021, 17 June 2021, 21 June 2021, 25 June 2021 and 16 July 2021 in relation to the Proposed Disposal ("Announcements"). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein.

On behalf of the Board, Inter-Pacific Securities Sdn Bhd and Astramina Advisory Sdn Bhd wish to announce that Bursa Securities has dismissed the Company’s appeal on the Waiver Application (“Appeal”) citing the reasons as disclosed in the Announcement dated 21 June 2021 and that Pertama Group’s current operations which consists of the mobile and digital businesses and investment holding did not register two (2) consecutive quarters of net profits prior to the Appeal.

The Board takes cognisance of the decision by Bursa Securities and may consider submitting a new Waiver Application, if required, when the Group has achieved two (2) consecutive quarters of net profits. The Board further takes note that the Company is required to make immediate announcement that the Company would be classified as an Affected Listed Issuer if the Company completes the Proposed Disposal in the current circumstances.

The Board wishes to reiterate that as disclosed in the Company’s circular to shareholders dated 30 July 2020, the progressive completion of the Proposed Disposal in three (3) tranches will not result in the Company being classified as an Affected Listed Issuer as the Tranche 3 Completion for 52% equity interest in Be Top is conditional upon inter alia the approval from Bursa Securities on the new Waiver Application. The Tranche 3 Completion will not take place without fulfilling all the conditions precedent. As at to date, Be Top remains as a 52%-owned subsidiary of Pertama.

The Board believes that the mobile and digital businesses of the Group have favorable high growth potential and prospect which warrant adequate level of operations of the Group. Hence, the issue of inadequate level of operation does not arise and Pertama can still maintain its listing status on the Main Market of Bursa Securities.

This announcement is dated 13 August 2021.