(We refer to the announcements dated 3 November 2025 and 10 November 2025 in relation to the Proposed ESOS, Proposed Bonus Issue of Warrants and Proposed Share Buy-Back (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein).
On behalf of the Board of AWC, RHB Investment Bank wishes to announce that Bursa Securities has vide its letter dated 25 November 2025, resolved to approve the following:
- Listing of and quotation for such number of AWC Shares, representing 15% of the total number of issued Shares (excluding treasury shares, if any) that may be issued pursuant to the Proposed ESOS;
- Admission of the Warrants to the Official List of Bursa Securities and listing of and quotation for up to 84,839,895 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and
- Listing of and quotation for up to 84,839,895 new AWC Shares to be issued arising from the exercise of the Warrants
The approval granted by Bursa Securities for the Proposed ESOS is subject to the following conditions:
- RHB Investment Bank is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation, together with a certified true copy of the resolution passed by the shareholders in general meeting; and
- AWC is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESOS, as at the end of each quarter together with a detailed computation of listing fees payable.
The approval granted by Bursa Securities for the Proposed Bonus Issue of Warrants is subject to the following conditions:
- AWC and RHB Investment Bank must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Warrants;
- AWC and RHB Investment Bank to inform Bursa Securities upon completion of the Proposed Bonus Issue of Warrants;
- AWC to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue of Warrants is completed;
- AWC and RHB Investment Bank to provide a written confirmation that the terms of the Warrants are in compliance with paragraph 6.54(3) of the Listing Requirements; and
- AWC to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 26 November 2025.