We refer to the announcements dated 21 November 2022 and 22 November 2022 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 18 January 2023, approved the following:

(i)        Proposed Share Consolidation;

(ii)       listing and quotation of up to 97,554,555 Consolidated Shares arising from the Proposed Share Consolidation;

(iii)      admission to the Official List and listing and quotation of up to 195,109,110 Warrants to be issued pursuant to the Proposed Rights Issue; and

(iv)       listing and quotation of:

         (a)        up to 292,663,665 Rights Shares to be issued pursuant to the Proposed Rights Issue; and

         (b)        up to 195,109,110 new AIM Shares to be issued pursuant to the exercise of the Warrants.

The approval granted by Bursa Securities for the Proposed Share Consolidation and Proposed Rights Issue is subject to the following conditions:

(i)        AIM and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Share Consolidation and Proposed Rights Issue;

(ii)        AIM and TA Securities to inform Bursa Securities upon the completion of the Proposed Share Consolidation and Proposed Rights Issue;

(iii)      AIM to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Share Consolidation and Proposed Rights Issue are completed; and

(iv)       AIM to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 18 January 2023.