We refer to the earlier announcements in relation to the Transfer of Listing. Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, AmInvestment Bank wishes to announce the following:

1. Approval for the Withdrawal of LEAP Listing

Bursa Securities had, vide its letter dated 12 February 2025, resolved to approve the application for the Withdrawal of LEAP Listing.  In this regard, AmInvestment Bank is required to furnish to Bursa Securities with a letter (“AmInvestment Bank’s Confirmation Letter”), confirming the following:

(i)   that all subsisting undertaking letters provided by the shareholders of LSH Capital remain valid and enforceable as at the date of AmInvestment Bank’s Confirmation Letter until the completion of the Transfer of Listing;

(ii)   that the requirements of Rule 8.06(1) of the LEAP LR have been complied with or waived by Bursa Securities, as the case may be; 

(iii)   that all conditions, including conditions imposed by the relevant authorities which are required to be met prior to the delisting have been met; and

(iv)   that there are no circumstances or facts which have the effect of preventing or prohibiting the delisting including any order, injunction or any other directive issued by any court of law.

Further, LSH Capital is required to announce, five (5) clear market days before the effective date of suspension, the following: 

(a)   the trading in LSH Capital Shares on the LEAP Market will be suspended one (1) market day before the date of allotment of the new LSH Capital Shares to be issued pursuant to the ACE Listing until the completion of the ACE Listing; and 

(b)   the effective date of suspension.

2. Signing of the retail underwriting agreement

LSH Capital has on 12 February 2025 entered into a retail underwriting agreement with AmInvestment Bank, being the Sole Underwriter, to underwrite 29,342,600 Issue Shares under the Retail Offering.

This Announcement is dated 12 February 2025.