We refer to the announcements dated 6 March 2025, 5 May 2025, 12 December 2025, 16 December 2025, 31 December 2025, 20 January 2026 and 29 January 2026 in relation to the Proposals ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that, in view that the Settlement Agreement in relation to the Proposed Debt Settlement has become unconditional on 19 January 2026 and the Proposed Acquisition is still pending fulfilment of certain conditions precedent set out in the SPA, the Company intends to proceed with the completion of the Proposed Debt Settlement first, and thereafter the completion of the Proposed Acquisition will occur after all the conditions precedent set out in the SPA are fulfilled.

Accordingly, a comparison of the sequence of the implementation of the Proposals as disclosed in the Company's circular to shareholders dated 16 December 2025 in relation to the Proposals ("Circular") against the Company's current intention are as follows:

The completion of the Proposed Debt Settlement prior to completion of the Proposed Acquisition as disclosed above:

(i) will not result in a breach of the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements. As the number of Consideration Shares and Settlement Shares to be issued pursuant to the Proposed Acquisition and Proposed Debt Settlement, respectively, are fixed and will not be affected by the sequence of completion of both the proposals, the eventual resultant public shareholding spread of the Company upon completion of both, firstly the Proposed Debt Settlement and then Proposed Acquisition will be the same as such public shareholding spread arising from the Proposed Acquisition and Proposed Debt Settlement being completed concurrently (as set out in Section 7 of the Circular);

(ii) will not have any financial impact to the Group and will not impact the disclosures on the effects of the Proposals as set out in the Circular;

(iii) will not trigger any mandatory general offer as Dato' Sri Lim had on 19 January 2026 obtained the approval of the SC for the Proposed Exemptions ("SC's Approval") in respect of, among others, the issuance of the Consideration Shares and Settlement Shares pursuant to the Proposed Acquisition and Proposed Debt Settlement, respectively. Furthermore, the Proposed Acquisition and Proposed Debt Settlement are not inter-conditional upon each other; and

(iv) will not have any impact on the SC's Approval as the completion of the Proposed Debt Settlement prior to completion of the Proposed Acquisition (instead of both being completed concurrently) will not invalidate the SC's Approval.
 

Save for the above, there are no other changes to the terms of the Proposals or any impact to the information which are relevant for the shareholders pertaining to the Proposals as disclosed in the Circular.

This announcement is dated 31 March 2026.