On behalf of the Board of Directors of SUNZEN, M&A Securities Sdn Bhd wishes to announce that SUNZEN proposes to undertake a bonus issue of warrants (“Warrant”) on the basis of 1 Warrant for every 2 existing ordinary shares in SUNZEN held by the entitled shareholders on an entitlement date to be determined and announced later (“Proposed Bonus Issue of Warrants”).

Kindly refer to the attachment for further details on the Proposed Bonus Issue of Warrants.

This announcement is dated 16 February 2022.