We wish to announce that UCHITEC-CH had expired at 9.00 a.m. on 21 September 2020 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of UCHITEC-CH exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of UCHITEC-CH exercised x (1/4) x (RM2.6985 - RM3.0800) 
= Number of UCHITEC-CH exercised x RM0.0000 

The Closing Price of RM2.6985 is the average daily volume weighted average price (VWAP) of the ordinary shares of UCHITEC for the five (5) market days prior to and including the market day immediately before the Expiry Date. The UCHITEC-CH is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised UCHITEC-CH will cease to be valid and all our obligations in respect to UCHITEC-CH shall terminate absolutely.


This announcement is dated 21 September 2020.