Sinaran Advance Group Berhad (“SAG” or “Company”) – Extraordinary General Meeting (“EGM”)

The Board of Directors of SAG wishes to announce that all resolutions tabled at the EGM held today as listed in the EGM Notice dated 9 September 2021 were duly approved by the shareholders.

The voting in respect of the resolutions were carried out by way of poll via remote participation and electronic voting and the results were validated by SharePolls Sdn. Bhd., the Independent Scrutineer appointed by the Company.

The details of the poll results are set out below.

This announcement is dated 24 September 2021.

Proposed Private Placement of up to 211,144,900 New Ordinary Shares in Sinaran Advance Group Berhad ("SAG") ("SAG Shares" or "Shares"), representing approximately 30% of the total number of existing issued shares of the Company, at an issue price to be determined later ("Proposed Private Placement")

Proposed Bonus Issue of up to 457,480,741 free warrants of SAG ("Warrants"), on the basis of 1 Warrant for every 2 existing SAG Shares held by the entitled shareholders of SAG on an entitlement date to be determined and announced later ("Proposed Bonus Issue of Warrants")