On behalf of the Board of Directors of the Company (“Board”), M & A Securities Sdn Bhd wishes to announce that Teladan proposes to undertake the following:

(i) Proposed transfer of the listing of and quotation for the entire issued share capital of the Company from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Proposed Transfer”); and

(ii) Proposed amendment to the Constitution of the Company to facilitate the implementation of the Proposed Transfer (“Proposed Amendment”).

Kindly refer to the attachment for further details on the Proposals.

This announcement is dated 28 April 2023.