NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING INDUSTRONICS BERHAD (“ITRONIC” OR THE “COMPANY”) PRIVATE PLACEMENT

We refer to the announcements made on 19 July 2021, 23 July 2021, 17 August 2021, 19 August 2021, 22 September 2021, 1 October 2021, 18 October 2021 and 27 October 2021 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the Board had on 25 January 2022 (“Price-fixing Date”) fixed the issue price for the Placement Shares at RM0.104 each (“Issue Price”) in relation to the Private Placement.

The Issue Price represents a discount of approximately 9.41% to the 5-day volume weighted average market price of Itronic Shares up to and including 24 January 2022 (being the last market day immediately preceding the Price-fixing Date) of RM0.1148 per Itronic Share.

This announcement is dated 25 January 2022.