On behalf of the Board of Directors of Nextgreen, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:

(i)         proposed issuance of 200,000,000 new redeemable convertible preference shares in Nextgreen at the issue price of RM0.05 each (“Proposed RCPS”); and

(ii)         proposed amendments to the Constitution of the Company to facilitate the implementation of the Proposed RCPS (“Proposed Amendments”),

(collectively, the “Proposals”).

Further details of the Proposals are set out in the attachments below.

This announcement is dated 10 March 2021.