On behalf of the board of directors of NCT (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company proposes to establish a new employees’ share scheme (“Proposed ESS” or “Scheme”) which comprises:-

1. an employees’ share option scheme (“ESOS”) which will entitle Eligible Persons, upon exercise, to subscribe for new and/or existing ordinary shares in NCT (“NCT Shares” or “Shares”) at a specified future date at a pre-determined price (“Proposed ESOS”); and
2. a restricted share grant plan which entitles Eligible Persons to receive new and/or existing NCT Shares at no consideration and/or the equivalent cash value of such Shares or combination thereof (“Proposed RSG”)

collectively, of up to fifteen percent (15%) of the total number of issued Shares (excluding treasury shares) at any point in time throughout the duration of the Proposed ESS.

Please refer to the attachment below for further details of the Proposed ESS.

This announcement is dated 5 April 2022.