(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the announcements dated 28 May 2024, 7 June 2024, 25 June 2024, 11 July 2024, 12 July 2024, 14 August 2024, 15 August 2024, 6 September 2024, 12 September 2024, 3 October 2024, 3 December 2024, 18 December 2024, 6 January 2025, 9 January 2025, 10 January 2025, 17 January 2025 and 23 January 2025 in relation to the SCR (“Announcements”))

Reference is made to the Announcements.

On behalf of the Board, Maybank IB wishes to announce that on 24 January 2025, ISM has served on MPHB a copy of the notice of appeal (duly endorsed by the High Court) in respect of an appeal against the decision of the High Court delivered on 18 December 2024, which dismissed the Intervening Application with costs.

Notwithstanding, the High Court had on 6 January 2025 granted the High Court Order and thus the proceedings in respect of the Petition have been completed. The office copy of the sealed High Court Order dated 6 January 2025 has been lodged with the Registrar of Companies on 23 January 2025, and accordingly, the special resolution for the SCR as confirmed by the High Court Order has taken effect on 23 January 2025 pursuant to section 116(6) of the Act.

The Company is of the view that at this juncture there is nothing prohibiting the Company from giving effect to the terms of the High Court Order dated 6 January 2025.

This announcement is dated 24 January 2025.