Reference is made to the initial announcement in regard to Private Placement II on 2 March 2021. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board of Directors of NCT (“Board”), AmInvestment Bank wishes to announce that the Board has on 30 November 2021 fixed the issue price for up to 83,558,000 Placement Shares at RM0.405 per Placement Share.

The issue price of RM0.405 per Placement Share represent a discount of 14.43% to the 5-days VWAP of NCT Shares up to and including 29 November 2021, being the last market day of NCT Shares immediately preceding the price-fixing date, of RM0.4733 per NCT Share.

For information purposes, the actual number of Placement Shares to be placed out will depend on the final acceptance by the identified place(s). Any Placement Share not placed out under current tranche will be included in the subsequent tranche(s), if any. The issue price for each subsequent tranche(s) will be determined and announced by the Company separately, if applicable.

This announcement is dated 30 November 2021.