(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the circular to shareholders in relation to the Private Placement dated 12 May 2023, where applicable, unless stated otherwise or defined herein.)

We refer to the announcements dated 6 April 2023, 7 April 2023, 20 April 2023, 11 May 2023, 30 May 2023, 17 July 2023, 31 July 2023, 11 September 2023 and 3 October 2023 (“Announcements”) as well as the circular to shareholders in relation to the Private Placement dated 12 May 2023 (“Circular”).

On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities has, vide its letter dated 4 October 2023, resolved to grant the Company an extension of time until 19 April 2024 for the Company to complete the implementation of the Private Placement.

This announcement is dated 5 October 2023.