The exercise price of the Warrants will be adjusted downwards from RM1.56 to RM1.49 per Warrant effective from 4 October 2021 pursuant to a fixed annual step-down of RM0.07 per year on each of the anniversary dates from the first issuance of the Warrants in accordance with the Deed Poll for Warrants dated 19 September 2017 ("Deed Poll"). The revised exercise price of RM1.49 per Warrant will be effective for a period of one year from 4 October 2021.

The exercise price, at any time during the tenure of the Warrants, is further subject to adjustments in accordance with the provisions of the Deed Poll in the event of any alteration to the share capital of the Company.

The Company had on 9 November 2020, adjusted the exercise price of the Warrants to RM1.56 pursuant to the renounceable rights issue of new ICPS, of which an additional 39,555,548 Warrants were issued and allotted to the entitled warrant holders on 11 November 2020 and listed on 8 December 2020.

The Warrants can be exercised at any time during the exercise period as indicated above ("Exercise Period") and upon the terms of and subject to the conditions and provisions of the Deed Poll constituting the Warrants. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid.

This announcement is dated 1 October 2021.