Unless otherwise defined, the definitions set out in the announcement dated 13 July 2022 ("Announcement") shall apply herein.

On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 3 August 2022, approved the listing of and quotation for up to 64,382,000 new ordinary shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

1. Nestcon and M&A Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

2. Nestcon and M&A Securities to inform Bursa Securities upon the completion of the Proposed Private Placement; and

3. Nestcon 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 August 2022.