We refer to the announcements made on 5 May 2022 and 11 May 2022 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 Bursa Securities had, vide its letter dated 28 June 2022, resolved to approve the listing and quotation of up to 56,250,000 Consideration Shares to be issued pursuant to the Proposed Acquisition subject to the following conditions:

(i)   ES Ceramics and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition.

(ii)   ES Ceramics and TA Securities to inform Bursa Securities upon the completion of the Proposed Acquisition.

(iii)   ES Ceramics to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Acquisition is completed.

(iv)   Compliance by ES Ceramics with the public shareholding spread upon completion of the Proposed Acquisition and upon completion of the Profit Guarantee Period. In this connection, TA Securities is to furnish a schedule containing the information set out in Appendix 8E, Chapter 8 of the Listing Requirements to Bursa Securities, prior to the allotment and issuance of the Consideration Shares.

(v)   ES Ceramics to furnish Bursa Securities with a certified true copy of the resolutions passed by the shareholders in general meeting approving the Proposals.

This announcement is dated 28 June 2022.