On behalf of the Board of Directors of ARK, M & A Securities Sdn Bhd wishes to announce that the Company proposes to undertake a private placement of up to 20,880,900 new ordinary shares in ARK, representing not more than 30% of the issued ordinary shares in ARK (“Proposed Private Placement”).

Kindly refer to the attachment for further details on the Proposed Private Placement.

This announcement is dated 29 July 2022.