We refer to the announcements made on 18 October 2023, 20 October 2023 and 25 October 2023 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Company, Kenanga IB is pleased to announce that Bursa Securities had, vide its letter dated 3 November 2023, resolved to approve the listing and quotation of up to 29,119,900 new SJC Shares to be issued pursuant to the Proposed Private Placement.

The approval by Bursa Securities is subject to the following conditions:

(i) Kenanga IB to furnish Bursa Securities with details of the proposed placee(s) as per Paragraph 6.15 of the Main Market Listing Requirements of Bursa Securities (“Main Market LR”) for Bursa Securities‘ clearance, prior to the issuance / allotment of the Placement Shares.                  

(ii) SJC is required to make quarterly updates via Bursa LINK (simultaneous with the submission of Quarterly Report) on the following:

a) The status on each of the event, project or purpose for which the total proceeds raised from the Proposed Private Placement are utilised for, including but not limited to, the percentages of completion of projects / initiatives; 

b) Where relevant, details on where the balance of proceeds raised is being placed (pending utilisation). If it is parked with asset management company / fund manager, to disclose the name of the asset management company / fund manager; and                     

c) The summary of Placement Shares issued and allotted as follows:

i) Date of price fixing and issuance date of Placement Shares (each tranche).

ii) Quantity of Placement Shares issued and allotted.

iii) Issue price and basis in arriving at (each tranche).

iv) Aggregate number of Placement Shares issued and allotted as at the end of each quarter.

(iii) Kenanga IB and SJC must fully comply with the relevant provisions under the Main Market LR pertaining to the implementation of the Proposed Private Placement;

(iv) Kenanga IB to inform Bursa Securities upon the completion of the Proposed Private Placement;

(v) Kenanga IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and            

(vi) Payment of additional listing fee, if any, based on the final issue price together with a copy of the details of the computation of the amount of listing fees payable.

This announcement is dated 3 November 2023.