We refer to the previous announcements and the offer document dated 4 February 2022 (“Offer Document”) in relation to the Offer. Unless otherwise defined, the terms used herein shall have the same meaning as defined in the Offer Document.

On 25 February 2022, the Company had been informed by the Joint Offerors that the Offer has closed at 5.00 p.m. (Malaysian time) on Friday, 25 February 2022, being the Closing Date. The detailed disclosure on the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on the Closing Date is set out in Appendix I of the attached press notice.

As announced on 11 February 2022, the Joint Offerors had received valid acceptances in respect of the Offer Shares which resulted in the Joint Offerors collectively holding 93.05% of the total issued shares of Zenworld as at 5.00 p.m. (Malaysian time) on 11 February 2022, and the Joint Offerors do not intend to maintain the listing status of Zenworld on the LEAP Market of Bursa Securities.

In this regard, Bursa Securities will suspend the trading of Zenworld Shares immediately on the 6th market day from Friday, 25 February 2022, being the Closing Date. The suspension of trading which will be effected from 9.00 a.m. (Malaysian time) on 7 March 2022 will result in the securities of Zenworld no longer being traded on Bursa Securities and necessary steps will thereafter be taken to withdraw the listing status of Zenworld from the Official List of Bursa Securities in accordance with Rule 8.08 of the LEAP Market Listing Requirements.

Further, as announced on 23 February 2022, the Joint Offerors had received valid acceptances of not less than nine-tenths (9/10) in the nominal value of the Offer Shares (excluding the shares already held by the Joint Offerors as at the date of the Offer) as at 5.00 p.m. on 23 February 2022.

Accordingly, the Joint Offerors will issue a compulsory acquisition notice under Subsection 222(1) of the Capital Markets and Services Act 2007 to the shareholder(s) who do not accept the Offer and/or the shareholder(s) who have failed or refused to transfer the Offer Shares to the Joint Offerors in accordance with the terms and conditions as set out in the Offer Document within two (2) months from 23 February 2022, being the date of the Joint Offerors having received valid acceptances of not less than nine-tenths (9/10) of the nominal value of the Offer Shares (excluding the shares already held by the Joint Offerors as at the date of the Offer).

Please refer to the attached press notice for further details.

This announcement is dated 25 February 2022.