(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 14 April 2023 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements dated 14 April 2023, 28 April 2023 and 24 May 2023.

On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 25 May 2023, approved the listing and quotation of up to 70,481,900 Placement Shares to be issued pursuant to the Private Placement.

The approval by Bursa Securities for the above is subject to, amongst others, the following conditions:

(i)         UCrest and TA Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Private Placement;

(ii)         UCrest and TA Securities to inform Bursa Securities upon the completion of the Private Placement; and

(iii)        UCrest to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed.

This announcement is dated 25 May 2023.