We refer to the announcements dated 25 October 2021, 1 November 2021 and 12 November 2021 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise stated, defined terms used in this announcement shall carry the same meanings as defined in the Announcements.

On behalf of the Board of Directors of Samaiden, Alliance Investment Bank Berhad (“AIBB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 15 November 2021, approved the listing and quotation of up to 31,500,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i) Samaiden and AIBB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities (“LR”) pertaining to the implementation of the Proposed Private Placement;

(ii) Samaiden and AIBB to inform Bursa Securities upon the completion of the Proposed Private Placement;

(iii) Samaiden 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; and

(iv) Samaiden to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders of the Company pursuant to Sections 75 and 76 of the Companies Act 2016, in the event the current general mandate expires prior to the completion of the Proposed Private Placement.

This announcement is dated 15 November 2021.