We refer to the announcements dated 17 October 2024, 22 October 2024, 9 January 2025, 19 February 2025 and 30 July 2025 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 7 August 2025, resolved to approve the listing and quotation of up to 510,913,400 Placement Shares subject to the following conditions:

1. TA Securities to furnish Bursa Securities with details of the proposed placee(s) as per Paragraph 6.15 of the Main Market Listing Requirements of Bursa Securities (“Main LR”) for Bursa Securities’ clearance, prior to the issuance/allotment of the Placement Shares;

2. Hong Seng is required to make quarterly updates via Bursa LINK (simultaneous with the submission of Quarterly Report) on the following:

a) The status on each of the event or purpose for which the total proceeds raised from the Proposed Private Placement are utilised for, together with their status or progress;

b) Where relevant, details on where the balance of proceeds raised is being placed (pending utilisation). If it is parked with asset management company / fund manager, to disclose the name of the asset management company / fund manager; and

c) The summary of Placement Shares issued and allotted as follows:

i)  Date of price fixing and/or issuance date of Placement Shares (each tranche) (where applicable).

ii) Quantity of Placement Shares issued and allotted.

iii) Issue price and basis in arriving at (each tranche).

iv) Aggregate number of Placement Shares issued and allotted as at the end of each quarter.

3. In the event the Proposed Private Placement is not completed before the next Annual General Meeting (“AGM”), Hong Seng to furnish a certified true copy of the resolution passed by the shareholders for a general mandate under Sections 75 & 76 of the Companies Act, 2016 at the Company’s forthcoming AGM;

4. TA Securities and Hong Seng must fully comply with the relevant provisions under the Main LR pertaining to the implementation of the Proposed Private Placement;

5. TA Securities to inform Bursa Securities upon the completion of the Proposed Private Placement;

6. TA Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and

7. 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 (if applicable).


This announcement is dated 7 August 2025.