We refer to the Company’s announcements dated 27 January 2022 and 28 January 2022 in relation to the First Announcement and the announcements made on 16 August 2023, 23 August 2023, 13 October 2023, 26 January 2024 and 29 January 2024. Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the said announcements.

The Board wishes to announce that Bursa Securities has via its letter dated 4 March 2024, decided to:

(a) allow the appeal against the de-listing of the Company and grant Nylex a further extension of time until 26 July 2024 as requested by the Company to submit the regularisation plan to the relevant authorities for approval ("Extended Timeframe"); and

(b) dismiss the appeal against the suspension of trading of the securities of Nylex.

Bursa Securities has further decided to de-list the securities of the Company from the Official List of Bursa Securities pursuant to paragraph 8.03A(3) of the Listing Requirements in the event:

(i) the Company fails to submit the proposed regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 26 July 2024;

(ii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

(iii) the Company does not succeed in its appeal; or

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

In this respect, upon occurrence of any of the events set out in paragraphs (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon expiry of two (2) market days from the date the Company is notified by Bursa Securities or on such date as may be specified by Bursa Securities.

In arriving at the aforesaid decision to de-list, Bursa Securities had affirmed similar factors considered by Bursa Securities as set out in its letter dated 13 October 2023, details of which were announced on the even date.

This Announcement is dated 4 March 2024.