We refer to the Company’s announcements dated 13 July 2022, 29 August 2022, 30 August 2022, 9 March 2023 and 7 April 2023 in relation to the Proposed SGS (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply in this announcement.  

On behalf of the Board of Directors of Affin, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that Bursa Securities had, vide its letter dated 17 April 2023, resolved to approve the listing of such number of new Affin Shares, representing up to 5% of the total number of issued Affin Shares, to be issued pursuant to the Proposed SGS on the Main Market of Bursa Securities.

The approval granted by Bursa Securities is subject to the following conditions:

(i) Affin Hwang IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed SGS pursuant to Paragraph 6.43(1) of the Main Market Listing Requirements of Bursa Securities and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed SGS; and

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

This announcement is dated 18 April 2023.