Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in Pecca’s announcement dated 2 August 2021.

Reference is made to the Company’s announcement dated 2 August 2021 in relation to the Proposals.

On behalf of the Board of Directors of Pecca (“Board”), Public Investment Bank Berhad wishes to announce that the Company had on 8 November 2021 entered into a Mutual Rescission and Release Agreement with the Vendor to mutually terminate and rescind the share sale and purchase agreement (“SPA”) in accordance with clause 10.1.1 of the SPA, with effect from the date of the Mutual Rescission and Release Agreement. As such, the Proposed Acquisition will be aborted following the termination of the SPA.

Pursuant thereto, the Board does not expect the existing healthcare related business of the Group to divert 25% or more of the net assets of the Group and/or contribute more than 25% or more of the net profit of the Group. Accordingly, the Proposed Diversification will be aborted and not pursued at this juncture. Nonetheless, the Company will continuously monitor the investment in and contribution of the healthcare related business to ensure compliance with the requirements of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).

Notwithstanding the above, the Board intends to continue its effort to explore and evaluate other business strategy to diversify the Group’s business in relation to the healthcare related segment and the Company will make the necessary announcement to Bursa Securities in due course in compliance with the Main Market Listing Requirements of Bursa Securities.

This announcement is dated 8 November 2021.