We refer to the announcements dated 29 September 2023, 27 October 2023, 20 November 2023, 30 November 2023, 1 December 2023, 9 January 2024, 16 January 2024, 27 March 2024 and 10 May 2024 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, Kenanga IB is pleased to announce that Bursa Securities had, vide its letter dated 4 July 2024, resolved the following:

(i) to approve the Proposed Transfer of Listing and quotation for the entire enlarged issued share capital of SCRB comprising 430,000,000 Shares on the ACE Market of Bursa Securities; and

(ii) to grant approval-in-principle for registration of the listing prospectus of SCRB. In this regard, Kenanga IB is required to provide a confirmation of registration before 12.30 p.m. at least 7 market days prior to the intended date of registration.

SCRB and / or Kenanga IB are required to comply with the following:

(i) submit the following information with respect to the moratorium on the shareholdings of the specified shareholders to Bursa Malaysia Depository Sdn Bhd:

(a) name of shareholders;

(b) number of shares; and

(c) date of expiry of the moratorium for each block of shares.

(ii) confirm that approvals from other relevant authorities have been obtained for implementation of the Proposed Transfer of Listing;

(iii) the Bumiputera equity requirements for public listed companies as approved / exempted by the SC including any conditions imposed thereon;

(iv) make the relevant announcements pursuant to Paragraphs 8.1 and 8.2 of Guidance Notes 15 of the ACE Market Listing Requirements;

(v) furnish to Bursa Securities a copy of the schedule of distribution showing compliance with the public shareholding spread requirements based on the entire issued share capital of SCRB on the first day of listing on the ACE Market;

(vi) in relation to the public offering to be undertaken by SCRB, to announce at least 2 market days prior to the listing date, the result of the offering including the following:

(a) level of subscription of public balloting and placement;

(b) basis of allotment / allocation;

(c) a table showing the distribution for placement tranche as per the format in Bursa Securities’ approval letter dated 4 July 2024; and

(d) disclosure of placees who become substantial shareholders of SCRB arising from the public offering, if any.

Kenanga IB must ensure that the overall distribution of SCRB’s securities is properly carried out to mitigate any disorderly trading in the secondary market; and

(vii) SCRB / Kenanga IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval upon the admission of SCRB to the Official Listing of the ACE Market.

This announcement is dated 4 July 2024.