We refer to the Company's previous announcements and Circular to Shareholders dated 29 October 2021 in relation to the Proposals. Unless otherwise defined, the abbreviations and definitions used in this announcement shall be the same as previously defined in the announcements.

The Board of Directors of Bintai wishes to announce that pursuant to the approval granted by Bursa Malaysia Securities Berhad dated 15 October 2021 on the Proposal, the Company has on 5 April 2022, received the Subscription Notices duly accepted by OUD Asset Management Sdn Bhd (“OUD”) for the subscription of 24,822,980 RCPS at RM0.10 per share in accordance with the Subscription Agreement dated 28 April 2021 and Supplemental Subscription Agreement dated 29 July 2021 between Bintai and OUD on the issuance of up to 190,946,000 4% Non-Cumulative Redeemable Convertible Preference Shares (“RCPS”) by Bintai.

As of today, a total of 101,201,380 RCPS have been subscribed by OUD.

This announcement is dated 5 April 2022.