We refer to the announcement dated 23 May 2023 in relation to the DRS (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.

On behalf of the Board, Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that Bursa Securities had, vide its letter dated 26 May 2023, approved the listing and quotation of up to 186,623,000 new ordinary shares in UOA Development to be issued pursuant to the DRS in respect of the Final Dividend on the Main Market of Bursa Securities.
 

Bursa Securities’ approval is subject to the following conditions:

(i) UOA Development and Kenanga IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the DRS;

(ii) UOA Development and Kenanga IB to inform Bursa Securities upon the completion of the DRS; and

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

This announcement is dated 29 May 2023.