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We refer to the announcements made on 30 April 2021, 25 June 2021, 30 June 2021 and 18 August 2021 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities has granted its approval for the following:

(i) Admission to the Official List and listing and quotation of 67,500,000 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants;

(ii) Listing and quotation of up to 67,500,000 new Optimax Shares to be issued arising from exercise of the Warrants; and

(iii) Listing of such number of new Optimax Shares representing up to 20% of the total number of issued shares of Optimax (excluding treasury shares) to be issued pursuant to the exercise of the ESOS Options under the Proposed ESOS.

The approval granted by Bursa Securities on the Proposes ESOS is subject to the following:

(i) Affin Hwang IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Rule 6.44(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting; and

(ii) Optimax is required to furnish Bursa Securities on a quarterly basis a summary of the total number of ESOS shares listed as at the end of each quarter together with a detailed computation of listing fees payable.

The approval granted by Bursa Securities for the Proposed Bonus Issue of Warrants is subject to the following conditions:

(i) Optimax and Affin Hwang IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Warrants;

(ii) Optimax and Affin Hwang IB to inform Bursa Securities upon the completion of Proposed Bonus Issue of Warrants;

(iii) Optimax 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;

(iv) Optimax to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable; and

(v) The Bonus Warrants to be issued to the Promoters whose shareholdings are currently under moratorium shall also be subject to a similar moratorium.

This announcement is dated 26 October 2021.