Moya Asia

Moya Asia (Moya): The group will undergo a Proposed Restructuring, by way of a Scheme of Arrangement. A new entity, Moya Holdings Asia (MHAL) will acquire all the shares in Moya. Moya shareholders will receive 1 MHAL for every 1 Moya share. Upon completion of the Proposed Restructuring, Moya will become a wholly-owned subsidiary of MHAL, and be delisted from the Catalist board. In turn, MHAL will be listed and traded on Catalist. The Proposed Restructuring is purely an internal restructuring exercise. The group does not expect substantive change in the principal assets or financial position of MHAL arising from the Proposed Restructuring.