On behalf of the Board of Directors of Mega Sun (“Board”), Malacca Securities Sdn Bhd (“Malacca Securities”) wishes to announce that the Company is proposing to undertake a private placement of up to 56,700,000 new ordinary shares in Mega Sun (“Mega Sun Share(s)” or “Share(s)”), representing ten percent (10%) of the total number of issued Shares, to independent third-party investor(s) to be identified later, at an issue price to be determined later (“Placement Share(s)”) (“Proposed Private Placement”).

Further details of the Proposed Private Placement are set out in the ensuing sections of this announcement.

This announcement is dated 25 February 2022.