【MAXIM 4022 交流专区】(前名 TADMAX)

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TADMAX RESOURCES BERHAD

Date of change	07 Aug 2019
Name	DATUK SERI ANUAR BIN ADAM
Age	74
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Managing Director
New Position	Non-Executive Vice/Deputy Chairman
Directorate	Non Independent and Non Executive

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Date of change	07 Aug 2019
Name	DATUK SERI GAN SEONG LIAM
Age	63
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Director
New Position	Managing Director
Directorate	Executive

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	70,623	41,069	152,900	74,049
2	Profit/(loss) before tax	8,101	1,045	15,808	-1,601
3	Profit/(loss) for the period	6,096	118	10,834	-2,213
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,139	163	10,919	-2,124
5	Basic earnings/(loss) per share (Subunit)	0.78	0.02	1.39	-0.34
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.4880		0.4740

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tadmax获准英达岛建发电厂
https://www.enanyang.my/news/20190911/tadmax获准英达岛建发电厂/

ype	Announcement
Subject	OTHERS
Description	TADMAX RESOURCES BERHAD ("TADMAX")UPDATE ON THE STATUS OF THE DEVELOPMENT OF 1000-1200MW COMBINED CYCLE GAS TURBINE POWER PLANT IN PULAU INDAH
The Board of Directors of Tadmax is pleased to inform that Tadmax Indah Power Sdn Bhd, a wholly owned subsidiary had today received a letter from the Energy Commission (EC) notifying that the Government of Malaysia had agreed on 29 August 2019 to proceed with the development of 1000 – 1200 MW Combined Cycle Gas and Turbine Power Plant in Pulau Indah (the Project). This announcement is dated 11 September 2019.

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	TADMAX RESOURCES BERHAD ("TADMAX" or the Group)- PROPOSED ACQUISITION OF A PIECE OF LEASEHOLD LAND MEASURING 13,095 SQ METER (APPROXIMATELY 3.24 ACRES) IN AREA HELD UNDER TITLE LOT 42754, NO. HAKMILIK PN48207 IN THE MUKIM OF PETALING, DAERAH KUALA LUMPUR, WILAYAH PERSEKUTUAN KL (PROPOSED ACQUISITION)
The Board of Directors of Tadmax wishes to announce that its wholly owned subsidiary companies, Tadmax Coastal Sdn. Bhd. (hereinafter referred to as “TCSB”  or “the Purchaser”), had on 30 September 2019 entered into Sale and Purchase Agreements (“SPA”) with Syarikat Perumahan Pegawai Kerajaan Sdn Bhd (“SPPK” or “the Vendor”) to acquire a piece of leasehold land, measuring 13,095 sq meter (approximately 3.24 acres) held under title Lot 42754, No. Hakmilik PN48207 in the Mukim of Petaling, Daerah Kuala Lumpur, Wilayah Persekutuan KL (hereinafter referred to as “the Property”) free from all encumbrances, liens, charges and other encumbrances for a total purchase consideration of RM36,647,780.00 (“Purchase Consideration”) (“Proposed Acquisition”). For further information, please refer to the attachment. This announcement is dated 1 October 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6298805

Attachments Acquisition of Land by Tadmax Coastal Sdn Bhd.pdf

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	TADMAX RESOURCES BERHAD ("TADMAX" or "the Group")- PROPOSED ACQUISITION OF A PIECE OF LEASEHOLD LAND MEASURING 13,095 SQ METER (APPROXIMATELY 3.24 ACRES) IN AREA HELD UNDER TITLE LOT 42754, NO. HAKMILIK PN48207 IN THE MUKIM OF PETALING, DAERAH KUALA LUMPUR, WILAYAH PERSEKUTUAN KL ("PROPOSED ACQUISITION")
Further to Tadmax's announcement made on 1 October 2019 on the above subject matter, the Board of Directors of Tadmax wishes to announce the additional information in relation to the Proposed Acquisition. Please refer to the attachment for the additional details on the Proposed Acquisition. This announcement is dated 3 October 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6300437

Attachments Additional Details of Land Acquisition.pdf

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Type	Announcement
Subject	OTHERS
Description	TADMAX RESOURCES BERHAD ("TRB" or "the Company")- BORROWING OF FUND BY WHOLLY OWNED SUBSIDIARY, MIZUMI DEVELOPMENT SDN BHD (FORMERLY KNOWN AS TADMAX COASTAL SDN BHD)
Pursuant to Paragraph 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of TRB wishes to announce that Mizumi Development Sdn Bhd (formerly known as Tadmax Coastal Sdn Bhd) (“MDSB”), a wholly owned subsidiary of the Company has on 15 October 2019 accepted a Banking Facility of Ringgit Malaysia Twenty Nine Million and Five Hundred Thousand (RM29,500,000.00) only granted by United Overseas Bank (Malaysia) Bhd (“UOB”) (“the TL Facility”). Please refer to the attachment for further information. This announcement is dated 15 October 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6311745

Attachments Announcement - Acceptance of RM29.5 million banking facility from UOB - 15.10.2019.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	43,122	46,170	196,022	120,219
2	Profit/(loss) before tax	3,603	5,652	19,411	4,051
3	Profit/(loss) for the period	2,272	4,225	13,106	2,012
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,313	4,269	13,232	2,145
5	Basic earnings/(loss) per share (Subunit)	0.30	0.55	1.69	0.32
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.4905		0.4738

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TADMAX RESOURCES BERHAD

Date of change	28 Nov 2019
Name	MR GAN KUOK CHYUAN
Age	29
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Director
New Position	Deputy Managing Director
Directorate	Executive

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Type	Announcement
Subject	OTHERS
Description	TADMAX RESOURCES BERHAD (TADMAX)ISSUANCE OF LETTER OF NOTIFICATION BY THE MINISTRY OF ENERGY, SCIENCE, TECHNOLOGY, ENVIRONMENT AND CLIMATE CHANGE (MESTECC)
Tadmax wishes to announce that the Company has today received a Letter of Notification from MESTECC to proceed with the development of Combined-Cycle Gas Turbine Power Plant (“CCGT”) with capacity of 1,200 MW at Pulau Indah, Selangor Darul Ehsan to be undertaken by the Company’s project company, Tadmax Indah Power Sdn Bhd (“the Project”). The construction period will be approximately 3 years and the scheduled commercial of the CCGT is envisaged on 1 January 2024. Please refer to the attachment for further information. This announcement is dated 3 January 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3013712

Attachments Announcement - Issuance of Letter of Notification by MESTECC - 03.01.2020.pdf

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Type	Announcement
Subject	OTHERS
Description	TADMAX RESOURCES BERHAD ("TADMAX")ACCEPTANCE OF LETTER OF NOTIFICATION ISSUED BY THE MINISTRY OF ENERGY, SCIENCE, TECHNOLOGY, ENVIRONMENT AND CLIMATE CHANGE (MESTECC)
We refer to the announcements dated 3 August 2016, 28 July 2017, 13 November 2017, 30 July 2018, 14 September 2018, 28 March 2019, 11 September 2019 and 3 January 2020. Tadmax wishes to announce that the Company together with Worldwide Holdings Berhad and Korea Electric Power Corporation have today submitted to MESTECC its acceptance of the Letter of Notification in relation to the development of Combined-Cycle Gas Turbine Power Plant (“CCGT”) with capacity of 1,200MW at Pulau Indah, Selangor Darul Ehsan to be undertaken by the Company’s project company, Tadmax Indah Power Sdn Bhd (“TIP”) (“the Project”). Together with its acceptance, TIP has also deposited Banker’s Cheques totalling RM30 million as Performance Bond. Tadmax will make the appropriate announcement to Bursa Malaysia as and when there are material developments in relation to the Project. This announcement is dated 15 January 2020.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	83,358	51,768	279,380	171,987
2	Profit/(loss) before tax	15,685	3,024	35,096	7,075
3	Profit/(loss) for the period	11,143	3,196	24,249	5,208
4	Profit/(loss) attributable to ordinary equity holders of the parent	11,784	3,248	25,016	5,393
5	Basic earnings/(loss) per share (Subunit)	1.50	0.41	3.19	0.77
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5056		0.4738

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Type	Announcement
Subject	OTHERS
Description	TADMAX RESOURCES BERHAD ("TADMAX" or the Company)- PROPOSED DISPOSAL OF 35% EQUITY INTERESTS IN PULAU INDAH POWER PLANT SDN BHD (FORMERLY KNOWN AS TADMAX INDAH POWER SDN BHD) ("PIPP") TO WORLDWIDE HOLDINGS BERHAD ("PURCHASER" OR "WHB") FOR A TOTAL DISPOSAL CONSIDERATION OF RM58,450,000 ("PROPOSED DISPOSAL")
The Board of Directors of Tadmax (“Board”) is pleased to announce that the Company had on 13 March 2020 entered into a Share Sale Agreement (“SSA”) with the Purchaser to dispose off 35% equity interest or equivalent to 17,500,000 ordinary shares (“Sale Shares”) of Pulau Indah Power Plant Sdn Bhd (formerly known as Tadmax Indah Power) (“PIPP”), a wholly-owned subsidiary of the Company, for a total disposal consideration of RM58,450,000 (“Disposal Consideration”) to be satisfied entirely in cash. For further details, kindly refer to the attachment. This announcement is dated 13 March 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3034231

Attachments Announcement- Proposed disposal of equity interests - 13.03.2020.pdf

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Type	Announcement
Subject	OTHERS
Description	TADMAX RESOURCES BERHAD ("TADMAX")ENGINEERING, PROCUREMENT, CONSTRUCTION AND COMMISSIONING ("EPCC") CONTRACT BETWEEN PULAU INDAH POWER PLANT SDN BHD (FORMERLY KNOWN AS TADMAX INDAH POWER SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF TADMAX RESOURCES BERHAD, WITH CONSORTIUM OF POSCO E&C, MITSUBISHI CORPORATION AND POWERCON ("CONTRACTOR")
We refer to the announcements dated 3 August 2016, 28 July 2017, 13 November 2017, 30 July 2018, 14 September 2018, 28 March 2019, 11 September 2019, 3 January 2020 and 15 January 2020. 1. EPCC CONTRACT Tadmax wishes to announce that today the Company’s wholly-owned subsidiary, Pulau Indah Power Plant Sdn Bhd (formerly known as Tadmax Indah Power Sdn Bhd), the special purpose vehicle of the Group undertaking the  development of the Combined-Cycle Gas Turbine Power Plant with capacity of 1,200MW at Pulau Indah, Selangor Darul Ehsan (“the Project”) has executed a EPCC Contract with the Contractor which is an unincorporated joint venture comprising:- (a) POSCO ENGINEERING & CONSTRUCTION CO. LTD. (Company Registration No. 506-81-02280), a company incorporated in the Republic of Korea and having its place of business at Incheontowerdae-ro 241, Yeonsu-gu, Incheon-si, Korea; (b) MITSUBISHI CORPORATION (Company Registration No. 0100-01-008771), a company incorporated in Japan and having its place of business at 3-1 Marunouchi, 2-Chome, Chiyoda-Ku, Tokyo, Japan; and (c) PEC POWERCON SDN BHD (Registration No. 202001005734 (1362054-W), a company incorporated in Malaysia and having its place of business at Suite 18-6 Wisma UOA II, No. 21, Jalan Pinang, 50450, Kuala Lumpur, Malaysia. The EPCC contract value forms part of the Project’s total cost expected at approximately RM3.3 billion.  The Project will be funded by a comprehensive fund raising exercise which will include proposed issuance of Sukuk along with other banking facilities. For further details, kindly refer to the attachment. This announcement is dated 13 March 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3034230

Attachments Announcement - EPCC Contract - 13.03.2020.pdf

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Type	Announcement
Subject	OTHERS
Description	TADMAX RESOURCES BERHAD ("TADMAX" or "the Company")- PROPOSED DISPOSAL OF 35% EQUITY INTERESTS IN PULAU INDAH POWER PLANT SDN BHD (FORMERLY KNOWN AS TADMAX INDAH POWER SDN BHD) ("PIPP") TO WORLDWIDE HOLDINGS BERHAD ("PURCHASER" OR "WHB") FOR A TOTAL DISPOSAL CONSIDERATION OF RM58,450,000 ("PROPOSED DISPOSAL")
We refer to the Company’s announcement dated 13 March 2020 in relation to the above captioned matter and wish to expand and/or furnish additional disclosure as below. Unless stated otherwise, definitions and references hereinunder used/refers to in this Announcement shall carry the same meaning as defined in the announcement dated 13 March 2020. Under paragraph 2.5 – Basis and Justification of Arriving at the Disposal Consideration On item 2.5(ii), further details of the indicative valuation of 100% equity interests in PIPP of between RM155 million to RM178 million are as below:- The indicative valuation is prepared by Tadmax; The discount rate applied on the expected free cash flow was approximately 8% which represents cost of equity; A further applying a discount of 20% and 30% for illiquidity / lack of marketability (as PIPP is a private company); and Over the concession period of twenty-one (21) years. Tadmax and the Purchaser have commercially agreed at RM58,450,000 being the Disposal Consideration of 35% equity interests in PIPP. This Announcement is dated 17 March 2020.

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Type	Announcement
Subject	OTHERS
Description	TADMAX RESOURCES BERHAD ("TADMAX" OR "THE COMPANY") - PROPOSED DISPOSAL OF 25% EQUITY INTEREST IN PULAU INDAH POWER PLANT SDN BHD (FORMERLY KNOWN AS TADMAX INDAH POWER SDN BHD) ("PIPP") TO KOREA ELECTRIC POWER CORPORATION ("PURCHASER" OR "KEPCO") FOR A CASH CONSIDERATION OF RM41,750,000 ("PROPOSED DISPOSAL TO KEPCO")
The Board of Directors of Tadmax (“Board”) wishes to announce that the Company has on 20 April 2020, entered into a conditional share sale agreement with KEPCO (“SSA”) for the proposed disposal of 12,500,000 ordinary shares representing 25% of the issued share capital of PIPP (“Sale Shares”) to the Purchaser for a cash consideration of RM41,750,000 (“Disposal Consideration”). For further details, kindly refer to the attachment. This announcement is dated 21 April 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3045196

Attachments Announcement- Disposal to KEPCO.pdf

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Type	Announcement
Subject	OTHERS
Description	TADMAX RESOURCES BERHAD ("TADMAX" OR "THE COMPANY")- SUPPLEMENTAL SHARE SALE AND PURCHASE AGREEMENT BETWEEN TADMAX AND WORLDWIDE HOLDINGS BERHAD ("PURCHASER" OR "WHB") FOR THE PROPOSED DISPOSAL OF 35% EQUITY INTERESTS IN PULAU INDAH POWER PLANT SDN BHD (FORMERLY KNOWN AS TADMAX INDAH POWER SDN BHD) ("PIPP") TO WHB FOR A TOTAL DISPOSAL CONSIDERATION OF RM58,450,000 ("PROPOSED DISPOSAL TO WHB")
We refer to the announcement of the Proposed Disposal to WHB on 13 March 2020 and the subsequent announcement on 17 March 2020 where the Company had announced additional disclosure on the basis and justification of arriving at the Disposal Consideration, and wish to expand and/or furnish additional disclosure as below. Unless stated otherwise, the abbreviations hereinunder used/refers to in this Announcement shall carry the same meaning as defined in the announcements dated 13 March 2020 and 17 March 2020. The Board of Directors of Tadmax wishes to announce that the Company had on 22 April 2020 entered into a supplemental share sale and purchase agreement with WHB to amend certain terms of the SSA (“Supplemental SSA”). On 21 April 2020, the Board announced that the Company had on 20 April 2020, entered into a conditional share sale agreement for the proposed disposal of 12,500,000 ordinary shares representing 25% of the issued share capital of PIPP to Korea Electric Power Corporation (“KEPCO”) for a cash consideration of RM41,750,000 (“Proposed Disposal to KEPCO”). Pursuant to Paragraph 10.12(2)(b) of the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) where Tadmax is disposing equity interests in its subsidiary company, PIPP to both KEPCO and WHB where both transactions would have to be aggregated as 1 transaction and the percentage ratios are calculated on a combined basis, the Proposed Disposal to WHB would be subject to the approval of the shareholders of Tadmax. For further details, kindly refer to the attachment. This announcement is dated 22 April 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3045613

Attachments Announcement- Supplemental SSA with WHB.pdf

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) COMBINATION OF TRANSACTIONS
Description	TADMAX RESOURCES BERHAD ("TADMAX" or "the Group")- SUBSCRIPTION OF TWO HUNDRED THIRTY THREE THOUSAND THREE HUNDRED AND THIRTY FOUR (233,334) ORDINARY SHARES OF THE ISSUED SHARE CAPITAL OF BENDERA JUARA SDN BHD ("BJ") FOR A TOTAL SUBSCRIPTION PRICE OF RM233,334, RESULTING IN A 70% EQUITY INTEREST IN BJ ("PROPOSED SUBSCRIPTION").- PROPERTY PURCHASED BY BJ FOR A TOTAL PURCHASE CONSIDERATION OF RM64.844 MILLION FROM SYARIKAT PERUMAHAN PEGAWAI KERAJAAN SDN BHD ("PROPERTY PURCHASED BY BJ")
The Board of Directors of Tadmax wishes to announce that Tadmax has on 21 May 2020 entered into a subscription agreement  to subscribe for two hundred thirty three thousand three hundred and thirty four (233,334) ordinary shares (“the Subscription Shares”) of the issued capital of Bendera Juara Sdn Bhd (“BJ”) at subscription price of RM1.00 per share for a total subscription price of RM233,334 (“the Subscription Price”) (“Subscription Agreement”), resulting in Tadmax having a 70% equity interest in BJ (“Proposed Subscription”). BJ is a wholly-owned subsidiary of Maxim Holdings Sdn Bhd [Registration No: 201401021505 (1097591-U)] prior to the Proposed Subscription, where Maxim Holdings Sdn Bhd is the beneficial owner of one hundred thousand (100,000) ordinary shares comprising the entire issued capital of BJ (“Present Owner”). BJ (“the Purchaser”) has signed a Sales & Purchase Agreement (“SPA”) with Syarikat Perumahan Pegawai Kerajaan Sdn Bhd (“SPPK” or “the Vendor”) on 30 September 2019 to acquire a piece of leasehold land in Alam Damai, Cheras (“the Property”) measuring 5.73 acres or 249,400 sq. ft. free from all encumbrances, liens, charges and other encumbrances for a total purchase price of RM64,844,000 or RM260 per sq. ft. or RM2,798.60 per sq. meter (“Purchase Consideration”) (“Property Purchased by BJ”). The SPA is currently pending fulfilment of conditions precedent prior to completion. For further details, kindly refer to the attachment. This announcement is dated 21 May 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3052318

Attachments Announcement-Subscription of Bendera shares and Property Purchased by Bendera.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	106,760	82,277	106,760	82,277
2	Profit/(loss) before tax	19,930	7,707	19,930	7,707
3	Profit/(loss) for the period	14,858	4,738	14,858	4,738
4	Profit/(loss) attributable to ordinary equity holders of the parent	14,897	4,780	14,897	4,780
5	Basic earnings/(loss) per share (Subunit)	1.90	0.61	1.90	0.61
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5257		0.5056

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	TADMAX RESOURCES BERHAD ("TADMAX" OR "COMPANY")(I)        PROPOSED ACQUISITION; AND(II)        PROPOSED EXEMPTION(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of Tadmax (“Board”), Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that the Company had on 4 June 2020, entered into a conditional sale of shares agreement (“SSA”) with Maxim Holdings for the proposed acquisition of 100% equity interest in Majestic Maxim Sdn Bhd (“Majestic Maxim”) by Tadmax from Maxim Holdings Sdn Bhd (“Maxim Holdings” or “Vendor”) for a consideration of RM115,000,000 to be satisfied entirely via the issuance of 469,387,755 new ordinary shares in Tadmax (“Tadmax Shares”) at an issue price of RM0.245 per Tadmax Share (“Proposed Acquisition”). In conjunction with the Proposed Acquisition, Maxim Holdings, being the offeror, and the persons acting in concert with it (“PACs”) intend to seek an exemption from the Securities Commission Malaysia (“SC”) under Paragraph 4.08(1)(a) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions (“Rules”) from the obligation to undertake a mandatory take over offer (“Mandatory Offer”) to acquire the remaining Tadmax Shares not already owned by them upon the completion of the Proposed Acquisition (“Proposed Exemption”). Kindly refer to the attached document for further details on the Proposals. This announcement is dated 4 June 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3056077

Attachments Tadmax Resources Berhad - Announcement (Proposals).pdf