| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | LOTUS CIRCULAR BERHAD (FORMERLY KNOWN AS MESB BERHAD) (“LCB” OR THE “COMPANY”) (I) PROPOSED ACQUISITIONS; (II) PROPOSED EXEMPTION; AND (III) PROPOSED NEW SHAREHOLDERS’ MANDATE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
| (For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 19 December 2024 in relation to the Proposals.) We refer to the Company’s announcement dated 19 December 2024 and its subsequent announcements in relation to the Proposals. On behalf of the Board, KAF IB wishes to announce that Bursa Securities had, vide its letter dated 27 November 2025, resolved to approve the listing and quotation of 156,600,000 Consideration Shares to be issued pursuant to the Proposed Acquisitions. The approval by Bursa Securities for the Proposed Acquisitions is subject to the following conditions:- (i) LCB and KAF IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisitions; (ii) LCB must comply with the public security holding spread requirements pursuant to paragraph 8.02(1) of the Listing Requirements upon listing and quotation of the Consideration Shares; (iii) LCB is required to furnish Bursa Securities with a certified true copy of the resolutions passed by shareholders in general meeting approving the Proposed Acquisitions and Proposed Exemption prior to the listing and quotation of the Consideration Shares; (iv) LCB and KAF IB are required to inform Bursa Securities upon completion of the Proposed Acquisitions; and (v) LCB is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisitions are completed. This announcement is dated 28 November 2025. | |