Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Proposed Bonus Issue of Warrants.

On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had vide its letter dated 23 August 2021, resolved to approve the following:

1. Admission to the Official List and listing and quotation of up to 24,319,998 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and
2. Listing and quotation of up to 24,319,998 new SJC Shares to be issued pursuant to the exercise of the Warrants.

The approval by Bursa Securities is subject to the following conditions:

1. SJC and M&A Securities must fully comply with the relevant provisions under the MMLR pertaining to the implementation of the Proposed Bonus Issue of Warrants;
2. SJC and M&A Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;
3. SJC and M&A Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue of Warrants is completed;
4. SJC is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants under the Proposed Bonus Issue of Warrants as at the end of each quarter; and
5. To incorporate Bursa Securities' comments in the circular to shareholders.

The announcement is dated 23 August 2021.