Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the earlier announcements in relation to the Proposed Private Placement.

On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 3 November 2023, resolved to approve the listing and quotation of up to 27,507,816 Placement Shares to be issued pursuant to the Proposed Private Placement, subject to the following conditions:

1. SWS and Malacca Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;
2. Malacca Securities to furnish Bursa Securities with details of the placees in accordance with paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the Placement Shares;
3. SWS and Malacca Securities are required to inform Bursa Securities upon the completion of the Proposed Private Placement; and
4. SWS is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed.

This announcement is dated 3 November 2023.