(For consistency, the abbreviations used throughout this announcement shall have the same meaning as defined in the announcements dated 7 December 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

We refer to the earlier announcements in relation to the Private Placement dated 7 December 2020, 9 December 2020, 10 December 2020, 14 December 2020 and 16 December 2020.

On behalf of the Board, TA Securities wishes to announce that the Board had on 29 December 2020 (“Price-fixing Date”) fixed the issue price for the placement of 50,000,000 Placement Shares at RM0.30 per Placement Share (“Issue Price”).

The Issue Price represents a discount of approximately 0.99% to the 5-day VWAP of Yong Tai Shares up to and including 28 December 2020 of RM0.303, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 29 December 2020.