On behalf of the Board of Directors of Jiankun (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:-

(i)         proposed establishment of a share issuance scheme of up to 15% of the total number of issued shares of the Company (excluding treasury shares, if any) for eligible directors and employees of the Company and its subsidiaries (“Proposed SIS”); and

(ii)         proposed reduction of the issued share capital of the Company pursuant to Section 116 of the Companies Act 2016 (“Proposed Share Capital Reduction”),

(Collectively, the “Proposals”).

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

This announcement is dated 22 January 2021.