Reference is made to the announcements made on 3 February 2023, 12 April 2023, 28 June 2023, 4 January 2024, 28 June 2024 and 17 September 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, HLIB wishes to announce that Securities Commission Malaysia (“SC”) had, via its letter dated 26 September 2024, which was received on 27 September 2024 approved the resultant equity structure of the Company pursuant to the Proposed Transfer of Listing under the Bumiputera equity requirements for public listed companies, subject to the following conditions:-

(i) TOPVISION to make available at least 50% of the Shares offered to the Malaysian public investors via balloting to Bumiputera public investors in conjunction with the Proposed Transfer of Listing;

(ii) TOPVISION to allocate 12.5% of its enlarged number of issued shares to Bumiputera investors to be approved or recognised by the Ministry of Investment, Trade and Industry within 1 year after achieving the profit requirement for companies seeking listing on the Main Market of Bursa Securities or 5 years after being listed on the ACE Market of Bursa Securities, whichever is earlier ("Compliance Date");

(iii) TOPVISION to submit to the SC a proposal to comply with the equity condition stated in condition (ii) above, at least 6 months prior to the Compliance Date; and

(iv) HLIB or TOPVISOIN to submit TOPVISION's equity structure to the SC upon completion of the Proposed Transfer of Listing.

This announcement is dated 27 September 2024.