PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT BRAHIM’S HOLDINGS BERHAD

We refer to the previous monthly announcements in relation to the Company being classified as an affected listed issuer pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”).

The Board of Directors of the Company (“Board”) wishes to inform that the Company is still in the midst of formulating its regularisation plan and has approximately 2 months (until 27 August 2021) to submit its regularisation plan. It is unlikely that the Company will be able to finalise and submit the regularisation plan within this timeframe and as such intends to seek for an extension of time from Bursa Securities.

Save as disclosed below, there were no other major developments subsequent to the previous monthly announcement dated 1 June 2021 in relation to the Company’s regularisation plan:

(i) announcement on 24 June 2021 in relation to the Heads of Agreements between Brahim’s SATS Food Services Sdn Bhd, an indirect subsidiary of the Company, and Focus Dynamics Centre Sdn Bhd; and

(ii) announcement on 29 June 2021 wherein the Company had announced the price fixing for the first tranche of new ordinary shares to be issued pursuant to the Company’s on-going private placement which was first announced on 24 February 2021.

This announcement is dated 1 July 2021.