Reference is made to the Company’s announcements dated 27 September 2023 and 27 October 2023 in relation to the Proposal Letter (“Announcements”). Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcements.
The Company wishes to announce that the Company has sought the mutual agreement of TSDLKH for an extension of 3 months commencing from 28 April 2024 to 27 July 2024, with an automatic extension of additional 3 months, to grant more time to the Company to assess, evaluate and deliberate the Proposal in detail and to commence discussions and negotiations on the terms of the binding heads of agreement or its equivalent between the parties.
The Company will make the requisite announcement(s) on any material development in relation to the Proposal in due course.
This announcement is dated 26 April 2024.