COMPANY ANNOUCEMENTS

OTHERS
OFFER OF OPTIONS UNDER THE LONG TERM INCENTIVE PLAN

27 Apr 2021

Type Announcement
Subject OTHERS
Description OFFER OF OPTIONS UNDER THE LONG TERM INCENTIVE PLAN

Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the following offer of Options under the Long Term Incentive Plan (“LTIP”) to the Group’s eligible employees in accordance with the By-Laws of the LTIP:

Description of the Options offered under the LTIP

Date of offer : 27 April 2021
Exercise price of options offered 20 May 2021
Number of options offered : 50,000,000
Closing market price of the Company’s
securities on the date of offer
: Shares : RM0.870
Warrants: RM0.280
Number of options offered to each Director : Nil
Vesting period of the options offered : The shares are exercisable in the following manner subject
to the duration of the LTIP:
Tranches Vesting period
First year : 20% of grant 27/04/2021 – 26/04/2022
Second year : 20% of grant 27/04/2022 – 26/04/2023
Third year : 20% of grant 27/04/2023 – 26/04/2024
Fourth year : 20% of grant 27/04/2024 – 26/04/2025
Fifth year : 20% of grant 27/04/2025 – 26/04/2026