We refer to the Company’s earlier announcements made in relation to the Company being classified as a PN 17 Issuer pursuant to Practice Note 17 of Listing Requirements of Bursa Securities as follows:-

(a) first announcement dated 17 May 2019 and 21 May 2019 (“First Announcements”); and

(b) the subsequent announcements dated 3 June 2019, 1 July 2019, 1 August 2019, 3 September 2019, 1 October 2019, 1 November 2019, 2 December 2019, 2 January 2020, 3 February 2020, 2 March 2020, 1 April 2020, 4 May 2020, 1 June 2020, 1 July 2020, 3 August 2020, 1 September 2020, 1 October 2020, 2 November 2020, 1 December 2020, 4 January 2021, 2 February 2021, 1 March 2021, 1 April 2021, 3 May 2021, 1 June 2021, 1 July 2021, 2 August 2021, 1 September 2021, 1 October 2021,  1 November 2021, 10 November 2021, 29 November 2021, 1 December 2021, 7 December 2021, 3 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 28 April 2022, 5 May 2022 and 1 June 2022.

(collectively, referred to as the “Earlier Announcements”).

Unless otherwise defined, the terms herein shall bear the same meaning as defined in the Earlier Announcements.

Malacca Securities had on 28 April 2022, on behalf of the Board, submitted the EOT Application, for an extension of time of 6 months from 17 May 2022 to 16 November 2022 for Barakah to submit its Proposed Regularisation Plan.

Bursa Securities had vide its letter dated 9 June 2022 approved the extension of time up to 16 November 2022 for Barakah to submit its regularisation plan to the regulatory authorities.

The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of Barakah and to de-list the Company in the event:

(i) the Company fails to submit a regularisation plan to the regulatory authorities on or before 16 November 2022;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and

(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of Barakah on the 6th market day after the date of notification of suspension by Bursa Securities. Thereafter, Bursa Securities will proceed to de-list the Company and the Company has the right to appeal against the delisting.

This announcement is dated 10 June 2022.