We refer to the Company’s following earlier announcements made in relation to the Company being classified as an affected listed issuer pursuant to PN17 of Listing Requirements:-

(i) first announcement dated 30 April 2023 (“First Announcement”); and
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(ii) 30 May 2023, 30 June 2023, 31 July 2023, 28 August 2023, 29 September 2023, 31 October 2023, 30 November 2023, 29 December 2023, 30 January 2024, 29 February 2024, 29 March 2024, 29 April 2024, 2 May 2024, 5 June 2024, 28 June 2024, 30 July 2024, 30 August 2024, 30 September 2024, 25 October 2024, 29 October 2024, 18 November 2024, 28 November 2024, 27 December 2024, 28 January 2025, 25 February 2025, 28 February 2025, 21 March 2025, 2 April 2025 and 17 April 2025.

(collectively, referred to as the “Earlier Announcements”). 

Unless otherwise defined, the abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.

On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 30 April 2025, resolved to grant the Company a further extension of time of 6 months up to 31 October 2025 to submit its regularisation plan to the relevant regulatory authorities for approval (“EOT”).

The EOT is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of Zelan and to de-list the Company in the event:

(i) the Company fails to submit its regularisation plan to the relevant regulatory authorities on or before 31 October 2025;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of Zelan on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against delisting.

This announcement is dated 30 April 2025.