This announcement is dated 15 November 2024.

Reference is made to the Company’s requisite announcement dated 29 October 2024 in relation to the Proposed Regularisation Plan (“Requisite Announcement”) and subsequent announcement dated 30 October 2024. Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Requisite Announcement. 

On behalf of the Board, Malacca Securities wishes to announce that due to the emergence of new circumstances, including amongst others, the receipt of the Adjudication Sum of RM78.8 million and updates on the contracts being tendered, the Group will be required to review the proposals forming the Proposed Regularisation Plan. As such, in the interim, the Board had on 15 November 2024 withdrawn its application in relation to the Proposed Regularisation Plan from Bursa Securities, to re-formulate a regularisation plan.

Pursuant to the above, Malacca Securities had, on behalf of the Board, submitted an application for an extension of time to Bursa Securities to submit a regularisation plan to the relevant authorities. The Company will make the relevant announcements in due course.