The Board of Directors of Tropicana wishes to announce that pursuant to Paragraph 12.05 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company proposes to seek the approval of its shareholders for the proposed renewal of the authority to purchase its own shares of up to ten per centum (10%) of the total number of issued shares of the Company at the time of purchase at the Company’s forthcoming 44th Annual General Meeting of the Company.

The statement setting out the details of the above proposal will be circulated to shareholders of the Company together with the Annual Report of the Company for the financial year ended 31 December 2022 in due course.

This announcement is dated 26 April 2023.