We are pleased to announce the proposed issuance by Maybank IB of up to 100,000,000 European style non-collateralised cash settled call warrants over the HENGYUAN Shares.

HENGYUANC50 is constituted by the Deed Poll dated 5 December 2022 executed by us for the Structured Warrants, as supplemented from time to time. HENGYUANC50 is subject to the terms and conditions of the Base Prospectus dated 8 December 2022, the First Supplementary Base Prospectus dated 25 September 2023 and the Term Sheet dated 25 September 2023.

HENGYUANC50 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad. A summary of the principal terms of HENGYUANC50 is set out in the attachment.