We refer to the announcements dated 5 July 2021, 8 July 2021 and 13 July 2021 (“Announcements”).

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

On behalf of the Board, Affin Hwang IB is pleased to announce that Bursa Securities had vide its letter dated 14 July 2021, approved the listing of and quotation for up to 82,025,000 Placement Shares to be issued pursuant to the Proposed Private Placement, subject to the following conditions:

(i) Mi Technovation and Affin Hwang IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii) Mi Technovation and Affin Hwang IB to inform Bursa Securities upon the completion of the Proposed Private Placement; and

(iii) Mi Technovation to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

This announcement is dated 14 July 2021.