Reference is made to the announcements made on 3 February 2023, 12 April 2023, 28 June 2023, 4 January 2024 and 28 June 2024 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, HLIB wishes to announce that Bursa Securities had, via its letter dated 17 September 2024, approved the application for the Proposed Transfer of Listing pursuant to the Proposals. Bursa Securities has resolved the following:

(i) to approve the proposed transfer of listing of and quotation for the entire enlarged issued share capital of TOPVISION from the LEAP Market to the ACE Market of Bursa Securities comprising 309,815,535 Shares on the ACE Market of Bursa Securities; and
(ii) to grant approval-in-principle for registration of the listing prospectus of TOPVISION. In this regard, HLIB is required to provide a confirmation of registration before 12.30 p.m. at least seven (7) market days prior to the intended date of registration.

TOPVISION and/or HLIB are required to comply with the following:

1.Submit the following information with respect to the moratorium on the shareholdings of the specified shareholders to Bursa Malaysia Depository Sdn Bhd:
(i)Name of shareholders;

(ii)Number of shares; and

(iii)Date of expiry of the moratorium for each block of shares.

2.Confirm that approvals from other relevant authorities have been obtained for implementation of the Proposed Transfer;

3.The Bumiputera equity requirements for public listed companies as approved/exempted by the Securities Commission Malaysia including any conditions imposed thereon;

4.Make the relevant announcements pursuant to Paragraphs 8.1 and 8.2 of Guidance Notes 15 of the ACE LR;

5.Furnish to Bursa Securities a copy of the schedule of distribution showing compliance with the public shareholding spread requirements based on the entire issued share capital of the Company on the first day of listing on the ACE Market;

6.In relation to the public offering to be undertaken by the Company, to announce at least 2 market days prior to the listing date, the result of the offering including the following:

(i)Level of subscription of public balloting and placement;

(ii)Basis of allotment/allocation;

(iii)A table showing the distribution for placement tranche as per the format in Appendix I; and

(iv)Disclosure of placees who become substantial shareholders of the Company arising from the public offering, if any.

HLIB must ensure that the overall distribution of the Company's securities is properly carried out to mitigate any disorderly trading in the secondary market; and

7.TOPVISION / HLIB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval upon the  admission of the Company to the Official List of the ACE Market.

TOPVISION and HLIB are required to ensure full compliance with all requirements as provided under the ACE LR at all times.

This announcement is dated 17 September 2024.