On behalf of the Board of Directors of KPJ, KAF Investment Bank Berhad wishes to announce that the Company had on 16 January 2025 established and implemented the LTIP of up to three-point five percent (3.5%) of the Company’s total issued share capital (“KPJ Shares”) (excluding treasury shares, if any) at any point of time during the duration of the LTIP for the award of the KPJ Shares to:

(i)        the eligible director(s) of KPJ and its non-dormant subsidiaries (“KPJ Group”); and

(ii)       the eligible employees of KPJ Group,

who are eligible to participate in the LTIP by way of transfer of ordinary shares in KPJ that are held in treasury.

Under the terms and conditions governing the LTIP (“By-Laws”), the executive director of the Company, namely Chin Keat Chyuan (President and Managing Director) (“Interested Director”) is eligible to participate in the LTIP.

The Board proposes to offer and grant LTIP awards to the Interested Director, subject to the provisions of the By-Laws (“Proposed LTIP Allocations”). Accordingly, the Company proposes to seek its shareholders’ approval for the Proposed LTIP Allocations at an extraordinary general meeting to be convened.

Please refer to the attachment for further details of the LTIP and Proposed LTIP Allocations.

This announcement is dated 16 January 2025.