We refer to the Company's following earlier announcements made in relation to the Company being classified as an affected listed issuer pursuant to PN17 of Listing Requirements:-
(i) first announcement dated 30 April 2023 ("First Announcement"); and
(ii) 30 May 2023, 30 June 2023, 31 July 2023, 28 August 2023, 29 September 2023, 31 October 2023, 30 November 2023, 29 December 2023, 30 January 2024, 29 February 2024, 29 March 2024, 29 April 2024, 2 May 2024, 5 June 2024, 28 June 2024, 30 July 2024, 30 August 2024, 30 September 2024, 25 October 2024, 29 October 2024, 18 November 2024, 28 November 2024, 27 December 2024, 28 January 2025, 25 February 2025, 28 February 2025, 21 March 2025, 2 April 2025, 17 April 2025, 30 April 2025, 2 May 2025, 3 June 2025, 1 July 2025, 1 August 2025, 2 September 2025, 1 October 2025, 3 October 2025, 15 October 2025, 31 October 2025, 3 November 2025, 1 December 2025, 4 December 2025, 2 January 2026, 6 January 2026, 13 January 2026, 30 January 2026, 3 February 2026, 10 February 2026, 13 February 2026, 26 February 2026, 2 March 2026, 27 March 2026, 1 April 2026, 20 April 2026, 21 April 2026, 28 April 2026, 29 April 2026, 4 May 2026, 8 May 2026, 15 May 2026, 21 May 2026, 25 May 2026, 3 June 2026, 11 June 2026, 1 July 2026, 21 July 2026 and 29 July 2026.
(collectively, referred to as the "Earlier Announcements").
Unless otherwise defined, the abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.
On 21 July 2026, Malacca Securities had, on behalf of the Board, announced the requisite announcement pursuant to Paragraph 4.2 PN17 ("Requisite Announcement"), which sets out the Company's proposed regularisation plan to be undertaken in the following order:-
(i) proposed consolidation of every 3 existing ordinary shares in Zelan ("Zelan Shares" or "Shares") into 1 consolidated Zelan Share ("Consolidated Share") ("Proposed Shares Consolidation");
(ii) proposed shares issuance of up to 373,913,000 new Zelan Shares ("Subscription Shares"), representing 57.04% of the resultant share capital of Zelan after the Proposed Shares Consolidation and shares issuance ("Proposed Shares Issuance");
(iii) proposed exemption under Paragraph 4.08(1)(b) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia ("SC") ("Rules") to Dato' Lam Fung Eng ("Dato' Lam"), Suria Aset Sdn. Bhd. ("SASB") and person acting in concert with them from the obligation to undertake a mandatory general offer ("MGO") for all the remaining Zelan Shares not already owned by them arising from the issuance of Subscription Shares by Zelan to SASB pursuant to Proposed Shares Issuance ("Proposed Exemption"); and
(iv) proposed establishment of an employees' share scheme which entails the issuance of up to 15% of the total number of issued Shares (excluding treasury shares, if any) ("Scheme") at any point in time during the tenure of the Scheme for eligible Directors and employees of Zelan Group (excluding dormant subsidiaries) ("Proposed ESS"),
(collectively, referred to as the "Proposed Regularisation Plan").
On 29 July 2026, Malacca Securities had, on behalf of the Board, submitted the Proposed Regularisation Plan to Bursa Securities. As at the date of this announcement, the Proposed Regularisation Plan is pending a decision from Bursa Securities.
This announcement is dated 3 August 2026.