(For consistency, the abbreviations used throughout this announcement shall have the same meanings as those defined in the announcement dated 5 June 2024, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcement dated 5 June 2024.

On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 19 June 2024, approved the following:

(i)         Proposed Share Consolidation;

(ii)         listing and quotation of up to 185,691,271 Consolidated Shares (assuming all of the 77,971,406 outstanding ICPS and the 301,873,800 ESOS Options which may be granted and exercised pursuant to the maximum allowable amount under the ESOS are converted / exercised into new Shares prior to the implementation of the Proposed Share Consolidation); and

(iii)        listing and quotation of up to 2,599,046 Consolidated ICPS (assuming none of the ICPS are exercised prior to the implementation of the Proposed Share Consolidation).

The approval granted by Bursa Securities for the Proposed Share Consolidation is subject to the following conditions:

(i)         XOX to furnish Bursa Securities with a certified true copy of the resolution passed by Shareholders at the EGM for the Proposed Share Consolidation;

(ii)         The quotation of the Consolidated Shares and the Consolidated ICPS must be simultaneous; and

(iii)        XOX and TA Securities to make the relevant announcements pursuant to Rules 6.57(2)(ii) and (iii) and Rule 13.20(2) of the Listing Requirements.

This announcement is dated 19 June 2024.