We refer to the Company's announcements dated 26 October 2023 and 10 November 2023 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had vide its letter dated 23 November 2023 ("Approval Letter"), approved the listing and quotation of the following:

(i) up to 19,200,000 new Eupe Shares to be issued pursuant to the Proposed Private Placement; and

(ii) such number of new Eupe Shares, representing up to 15% of the total number of issued shares (excluding treasury shares, if any) of the Company, to be issued pursuant to the Proposed LTIP.  

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

(i) Eupe and RHB Investment Bank must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii) RHB Investment Bank is required to submit a confirmation to Bursa Securities of full compliance of the Proposed LTIP pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in a general meeting approving the Proposed LTIP;

(iii) Eupe/RHB Investment Bank to furnish Bursa Securities with the certified true copy of the resolution passed by the shareholders at the extraordinary general meeting approving the Proposed Private Placement;

(iv) Eupe and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposed Private Placement;

(v) Eupe and RHB Investment Bank 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;

(vi) Eupe is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed LTIP as at the end of each quarter together with a detailed computation of listing fees payable; and

(vii) to incorporate Bursa Securities’ comments as provided in the attachment to the Approval Letter in respect of the draft Circular.

This announcement is dated 24 November 2023.