(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcement dated 1 March 2023 in relation to the Proposed Transfer)

On behalf of the Board, SJ Securities and Astramina Advisory wish to announce that the SC had vide its letter dated 23 August 2023, approved the Proposed Transfer under Section 214(1) of the Capital Markets and Services Act 2007 and under the Bumiputera equity requirement for public listed companies, subject to the following conditions:

(i) Genetec to implement the appropriate actions to remedy the non-adoption with Practices 5.2 and 5.9 of the Malaysian Code on Corporate Governance (“MCCG”); and

(ii) Genetec to proceed with the Proposed Transfer upon providing confirmation to the SC on the adoption with Practices 5.2 and 5.9 of the MCCG.

Further, in compliance with sub-paragraph 2A.2 under Practice Note 22 of the Main Market Listing Requirements of Bursa Securities, additional information on the Company is set out in the enclosed attachment.

This announcement is dated 24 August 2023.