ADVANCE SYNERGY BERHAD ("ASB" OR THE "COMPANY")

(I) PROPOSED RIGHTS ISSUE;

(II) PROPOSED EXEMPTION; AND

(III) PROPOSED SGS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company’s announcement in relation to the Proposals dated 11 March 2022.)

We refer to the Company’s announcement dated 11 March 2022 and its subsequent announcements in relation to the Proposals.

On behalf of the Board, KAF IB wishes to announce that the SC had, vide its letter dated 17 June 2022, notified that it has no further comments to the contents of the draft circular in relation to the Proposed Exemption.

This announcement is dated 17 June 2022.

ANNOUNCEMENT INFO