JERASIA - CONTINUED SUSPENSION OF TRADING

Pursuant to paragraph 9.28(5) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Main LR"), if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframe stated in paragraph 9.22(1) of the Main LR or such extension of time granted by Bursa Securities (“Relevant Timeframes”) (the last day of the 5 market days is referred to as “Suspension Deadline”), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.

In view of the above and in the event that JERASIA is unable to submit the outstanding quarterly report for the financial period ended 31 May 2023 on or before 7 August 2023, trading in the Company’s securities will be suspended with effect from 9.00 a.m., Tuesday, 8 August 2023 until further notice. However, as the Company's securities have been suspended from trading since 25 April 2023, the suspension of trading will continue until further notice.

Pursuant to paragraph 9.28(6) of the Main LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the Relevant Timeframes, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against such listed issuer.