Reference are made to the Company's announcements dated 7 July 2026, 16 July 2026 and 11 August 2026.
Unless otherwise defined herein, all terms and definitions used herein shall be the same as those defined in the previous announcements.
The Board of Directors of Asdion wishes to announce that Bursa Securities had, vide its letter dated 11 August 2026, resolved to grant the Company an extension of time of three (3) months up to 31 October 2026 to appoint a replacement Sponsor.
Bursa Securities has further decided to de-list the securities of ASDION from the Official List of Bursa Securities pursuant to Rule 8.04 of the ACE LR in the event:-
(i) the Company fails to appoint the replacement Sponsor on or before 31 October 2026;
(ii) the Company fails to submit the regularisation plan to the relevant authorities for approval on or before 31 January 2027;
(iii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe prescribed to lodge an appeal;
(iv) the Company does not succeed in its appeal: or
(v) the Company fails to implement its regularisation plan within the timeframe stipulated by the relevant authorities.
Upon occurrence of any of the events set out in (i) to (v) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date the Company is notified by Bursa Securities or on such other date as may be specified by Bursa Securities.
This announcement is dated 11 August 2026.