We are pleased to announce that the HSTECH-HL have expired at 5.00 p.m. on 29 December 2022 ("Expiry Date"). The Cash Settlement Amount shall be an amount in the Settlement Currency (if greater than zero), calculated as follows:

Cash Settlement Amount
= Number of Structured Warrants X (Exercise Level - Settlement Level) X (1/Exercise Ratio) X Multiplier X Settlement Exchange Rate
= Number of Structured Warrants X (4,400.0000 - 4,100.0000) X (1/800.0000) X HKD1.00 X RM/HKD 0.5673
= Number of Structured Warrants X RM 0.2127

The Settlement Level has been determined at 4,100.0000, being the final settlement price for settling the corresponding spot-month index futures contracts scheduled to expire on the scheduled Expiry Date.

The Cash Settlement Amount, less all exercise expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of electronic payment or cheque within 7 Market Days from the Expiry Date. The cheques will be delivered to Holders by ordinary post.

Terms not defined in this announcement shall have the meanings given to them in the Term Sheet for the warrants and the Base Prospectus.

This announcement is dated 29 December 2022.