(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those defined in the announcements dated 15 December 2020 in relation to the Bonus Issue)

Reference is made to the announcements dated 15 December 2020, 18 December 2020, 13 January 2021, 5 February 2021, 8 March 2021 and 9 March 2021 in relation to the Bonus Issue of Shares.

On behalf of the Board, M&A Securities wishes to announce the following:

(i)       211,317,673 Bonus Shares have been issued arising from the Bonus Issue of Shares; and

(ii)       Subsequent to the Bonus Issue of Shares, the existing holders of Warrants 2021/2026 are entitled to additional Warrants based on the ratio of 1 additional warrants for every 2 warrants held on 23 March 2021 respectively.

Resulting thereto, the following adjustments will be made:

Warrants 2021/2026 – 52,821,364 additional Warrants 2021/2026 have been issued and the exercise price for Warrants 2021/2026 will be adjusted from RM1.50 to RM1.00.

The Bonus Shares and the additional Warrants will be listed and quoted on the ACE Market of Bursa Securities at 9:00 a.m. on 24 March 2021. The effective date of the adjustments to the exercise prices of Warrants 2021/2026 is on 24 March 2021.

This announcement is dated 23 March 2021.