(Capitalised terms used in this announcement shall have the same meanings as those used in the announcement dated 26 October 2020, unless otherwise stated)

Reference is made to TXB’s earlier announcement made on 26 October 2020 in relation to the above subject matter.

The Board of Directors of TXB wishes to announce that the Parties had on 24 December 2020 mutually agreed to extend the timeline for the execution of the Formal Agreement(s) as stated in the clause 3.1 of the MoU to 25 February 2021.

This announcement is dated 24 December 2020.