Unless otherwise stated, all defined terms used in this announcement shall have the same meaning as those defined in the Prospectus dated 27 December 2022 issued by Wellspire.

Reference is made to the announcement dated 6 January 2023 in relation to the level of subscription received from the private placement tranche in relation to the IPO ("Previous Announcement").

On behalf of the Board of Directors of Wellspire ("Board"), TA Securities Holdings Berhad wishes to inform the following:

(a)    Note (3) to the table in Section 3 - Distribution for Placement Tranche of the Previous Announcement should be read as follows:

"(3)    The top placee has 13.12% of shareholding over the enlarged issued share capital of Wellspire immediately after completion of the IPO and will be deemed as a substantial shareholder of Wellspire. However, the top placee may be included as a "public shareholder" of Wellspire in accordance to the ACE Market Listing Requirements of Bursa Securities due to the following:

(i)      Such shareholder's interest, directly or indirectly is not more than 15% of the total number of Shares of Wellspire;

(ii)     Such shareholder is not a specified shareholder of Wellspire; and

(iii)    Such shareholder is an entity established as a collective investment scheme, such as closed-end funds, unit trusts or investment funds (but excluding investment holding companies)."


(b)    Section 4 of the Previous Announcement should be read as follows:

" 4.   DISCLOSURE OF PLACEES WHO BECOME SUBSTANTIAL SHAREHOLDERS OF WELLSPIRE ARISING FROM THE IPO, IF ANY.

Kenanga Investors Bhd for Kenanga Yield Enhancement Fund, has subscribed for 93,400,000 new Shares under the private placement which represents 13.12% of the total enlarged share capital of Wellspire."

This announcement is dated 13 January 2023.