Reference is made to SGB's announcements dated 3 December 2019, 3 January 2020, 21 January 2020, 3 February 2020, 2 March 2020, 1 April 2020, 4 May 2020, 1 June 2020, 1 July 2020, 3 August 2020, 1 September 2020, 1 October 2020, 2 November 2020, 1 December 2020,4 January 2021, 2 February 2021, 1st March 2021, 1st April 2021,3rd May 2021,1 June 2021, 2 July 2021, 2 August 2021,1 September 2021, 1 October 2021,1 November 2021 ,1 December 2021, 3 January 2022, 3 February 2022, 2 March 2022, 1 April 2022, 5 May 2022 , 1 June 2022,1 July 2022 ,1 August 2022,1 September 2022, 4 October 2022,1 November 2022, 1 December 2022 and 3 January 2023. ("Announcements"). Reference is also made to the announcements dated 11 April 2022 on the suspension and de-listing notice (“Notice”) of SGB from Bursa Securities, the appeal against the de-listing of SGB on 18 April 2022 (“Appeal”), the decision from Bursa Securities dated 15 June 2022 on the Appeal (“De-Listing Announcements”) and the decision from Bursa Securities dated 13 February 2023 on the Appeal for EOT Application on Extended Timeframe dated 30 November 2022. Unless otherwise defined, the terms herein shall bear the same meaning as defined in the Announcements and De-Listing Announcements.

On 13 February 2023, Bursa Securities decided to grant SGB a further extension of time of 6 months until 31 May 2023 (“Extended Timeframe”) to submit the Company’s regularisation plan to the relevant authorities for approval, subject to the settlement/payment of the Settlement Sum to Maybank within 30 days from the date here of i.e. on or before 15 March 2023.

Bursa Securities has further decided to de-list the securities of SGB pursuant to paragraph 8.04 of the Main Market Listing Requirements of Bursa Securities in the event that:

 (i) the Settlement Sum is not paid to Maybank on or before 15 March 2023;

(ii) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 31 May 2023;

(iii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) 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 or extended timeframes stipulated by the relevant authorities.

Upon occurrence of any of the events set out in paragraphs (i) to (v) above, the securities of the Company will 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.

The Company will make the necessary announcement with regards to any development on the above matter.

This announcement is dated 1 March 2023.