Reference is made to the Company’s announcements made on 2 September 2022, 4 October 2022, 28 December 2022, 29 March 2023, 30 June 2023, 21 August 2023, 29 September 2023, 5 October 2023, 21 December 2023, 22 February 2024, 27 February 2024, 20 March 2024, 17 April 2024, 21 August 2024, 22 August 2024, 26 September 2024, 16 October 2024, 19 November 2024, 27 December 2024, 30 December 2024 and 31 December 2024 (“Announcements”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.

On 27 December 2024, the Company entered into the SSA with the Vendors for the Proposed Acquisition and on even date, Interpac, on behalf of the Board, announced the Proposed Regularisation Plan to regularise the Company’s condition as a Cash Company in accordance with paragraph 8.03(5) of the Listing Requirements.

On 30 December 2024, Interpac, on behalf of the Board, announced that the applications in relation to the Proposed Regularisation Plan have been submitted to the SC on 30 December 2024.

An application has been submitted to the MITI on 31 December 2024 in relation to the Proposed Offer for Sale to Bumiputera investors approved or recognised by the MITI.

As at the date of this announcement, the Proposed Regularisation Plan is pending SC’s decision. The Company will make the necessary announcement(s) regarding the development of the Proposed Regularisation Plan accordingly.

This announcement is dated 21 February 2025.