(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 1 September 2021 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements dated 1 September 2021, 7 September 2021, 17 September 2021 and 23 February 2022.

On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 1 March 2022, resolved to grant the Company an extension of time until 16 September 2022 to implement the Private Placement.

Further, the Board wishes to inform that Ta Win sought shareholders’ approval to allot and issue up to 10% of the Company’s total issued Shares in the Company’s last annual general meeting convened on 29 November 2021. As such, Ta Win may only issue up to 586,753,400 Placement Shares, representing up to 10% of the total issued Shares pursuant to the Private Placement.

This announcement is dated 1 March 2022.