We refer to the announcements dated 24 December 2024 and 7 January 2025 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the Board, after due and careful consideration, has decided to withdraw its applications in relation to the Proposed Share Consolidation and Proposed Rights Issue of Shares with Warrants which were submitted to Bursa Securities on 7 January 2025 and intends to proceed with a proposed share capital reduction to be announced in due course. The decision of the Board was made in order to review the structure of the Proposals (which includes the Proposed Rights Issue of Shares with Warrants), which is not conducive at this juncture for a fund-raising exercise to be included. Accordingly, the Company will submit a revised draft circular to Bursa Securities in relation to the Proposed Share Capital Reduction, in due course. 

The Board will make the necessary announcement(s) in accordance with the Listing Requirements (if required).

This announcement is dated 17 September 2025.