(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those defined in the earlier announcements dated in relation to the Proposed Bonus Issue of Warrants)

On behalf of the Board of Teladan, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 4 August 2021, resolved to approve the following:

(a)  Admission to the Official List and the listing and quotation for up to 241,589,400 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and

(b)  Listing and quotation for up to 241,589,400 new Teladan Shares to be issued pursuant to the exercise of Warrants.

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

(a)  Teladan and M & A Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Bonus Issue of Warrants;

(b)  Teladan and M & A Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;

(c)  Teladan 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;

(d)  Teladan 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

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

Teladan is required to ensure full compliance of all the requirements as provided under the ACE Market Listing Requirements at all times.

This announcement is dated 4 August 2021.