(Unless otherwise defined, the definitions set out in the announcement dated 21 July 2022, 3 August 2022 and 15 August 2022 in relation to the Proposed Private Placement shall apply herein.)

On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 16 August 2022, approved the listing of and quotation for up to 259,250,000 new ordinary shares to be issued pursuant to the Proposed Private Placement on the ACE Market of Bursa Securities subject to the following conditions:

1. Widad 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. Widad and M&A Securities to inform Bursa Securities upon the completion of the Proposed Private Placement; and
3. Widad 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 16 August 2022.