We refer to the Company’s announcements dated 29 February 2024 (“Announcement”) and 19 March 2024 in relation to the 7th DRP. Unless otherwise defined, the definitions set out in the Announcement shall apply in this announcement.  

On behalf of the Board, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that Bursa Securities, had vide its letter dated 22 March 2024, resolved to approve the listing of and quotation for up to 125,146,045 new ABB Shares on the Main Market of Bursa Securities to be issued pursuant to the 7th DRP.

The approval granted by Bursa Securities for the 7th DRP is subject to the following conditions:

1. ABB and Affin Hwang IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the 7th DRP;
2. ABB and Affin Hwang IB to inform Bursa Securities upon the completion of the 7th DRP;
3. Affin Hwang IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the 7th DRP is completed;
4. ABB to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at the next general meeting for the issuance of ABB Shares pursuant to the 7th DRP in the event that the existing authority has expired prior to the full implementation of the 7th DRP; and
5. Payment of additional listing fee, if any, based on the final issue price together with a copy of the details of the computation of the amount of listing fees payable.

This announcement is dated 25 March 2024.