Abbreviations used herein shall, unless otherwise redefined, mean the same as those defined in the Company's announcements dated 17 November 2023 ("1st Announcement"), 22 November 2023 ("2nd Announcement") and 23 November 2023 ("3rd Announcement") (collectively referred to as the "Announcements").

Further to the Announcements, on behalf of the Board, M&A Securities wishes to announce that, the Board intends to enhance the clarity and provide updated information regarding the utilisation of proceeds to be raised from the Proposed Private Placement, particularly in respect of its business expansion plans, vis-à-vis those of its existing operations. In this regard, the Company's other business expansion plans per the earlier Announcements are pending finalisation and will be announced in due course.

Please refer to the attachment for further information of the Proposed Private Placement. 

This announcement is dated 6 December 2023. 

Please refer attachment below.