(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcements in relation to the Rights Issue with Warrants dated 28 July 2021, 8 October 2021, 16 March 2022, 31 March 2022, 20 September 2022 and 26 September 2022).

The Board of Oversea wishes to announce that the Company and Mercury Securities have mutually agreed to terminate Mercury Securities’ services as the Principal Adviser of the Company in respect of the Rights Issue with Warrants with effect from 26 October 2022 (“Termination”).

Following the Termination, Malacca Securities Sdn Bhd (“Malacca Securities”) has been appointed as the new Principal Adviser of the Company in respect of the Rights Issues with Warrants.

This announcement is dated 26 October 2022.