Investor Relations

Reference is made to the Company’s previous announcements on 10 August 2022, 1 September 2022, 3 October 2022, 1 November 2022, 1 December 2022, 3 January 2023, 2 February 2023 and 1 March 2023 in relation to the Company triggering Paragraph 8.03A(2)(a)(bb) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) (“MMLR”) and having been considered as an affected listed issuer, as well as its development update in complying with the requirements under Paragraph 8.03A of the MMLR.

The Board of Directors of the Company wishes to inform that the Company continues to work towards effectively addressing and reviewing available options to regularise its position as an affected listed issuer. A thorough regularisation plan is being developed by the Company and its appointed advisors, taking into consideration all available options to assist with the regularisation process.

As of the date of this announcement, the Company is reviewing potential acquisition(s) suitable for the regularisation plan. A regularisation plan will be submitted to Bursa Malaysia once an acquisition target has been finalised.

The Company has approximately 4 months to submit for approval a regularisation plan to the relevant authorities and will continue to make further announcements in relation to any latest development in accordance with the requirements under Paragraph 8.03A of the MMLR.

This announcement is dated 3 April 2023.