Unless otherwise defined, the definitions set out in the announcement dated 14 September 2021 shall apply herein.

On behalf of the Board, M&A Securities wishes to announce that Bursa Securities had via its letter dated 4 October 2021, resolved to approve the listing of such number of new ordinary shares, representing up to 25% of the Company’s total number of issued shares of Flexidynamic (exluding treasury shares), to be issued pursuant to the Proposed ESOS subject to the following:

(i) M&A Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Rule 6.44(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

(ii) Flexidynamic 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.

Flexidynamic is required to ensure full compliance of all the requirements pertaining to the Proposed ESOS as provided under the Listing Requirements at all times.

In relation to the circular to the shareholders on the Proposed ESOS, Flexidynamic/M&A Securities is required to incorporate the comments made in the circular to shareholders provided by Bursa Securities.

This announcement is dated 5 October 2021.