Star Media Berhad : Statement to Shareholders in relation to Proposed Renewal of Shareholders’ Mandate for Share Buy-Back

THTIISHSISSTASATEAEMTMEEMNTETNIITS IIMSMPIPMORPROTARANTNATNATNADNRDEQRQEUQIIRUEISRSEYSOYUORUIIRMMIMEMDIEIADTIEAETAETTATETENTNTETINIOTNION THTIHS ISSTSATTAETMEEMNETNITS IISMIPMOPROTRATNATNATNADNRDERQEUQIURIERSEYSOYUORUIRMIMEMDEIDAITAETAETATTETNETNIOTINON THIS STATEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

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If you are in doubt as to the course of action you should take, you should consult your stosctkobcrkobkreork,ebr,anbkanmkamnagnearg,esro, lsiociltiocirt,oarc, caocucnotuannttanotr orthoetrhepropfreosfseisosniaolnaldvaidsveirseimr mimemdieadtiealyte.ly. stockbroker, bank manager, solicitor, accountant or other professional adviser immediately. BurrBssauarMsMaaalMlaayayslsaiiayasSieaeccSuerricitutiiereisstiBeBseerrBhaeadrdh(a("d"B(u"rrBssauarSsSeaeccSuerricitutiiereisst"i")e)sh "a)asshnanosottnpoeetrrupusesereudstethdiissthSitstaatSteetmamteenmnttepnrrtiioporritotor to BuBrsuarsMaaMlaaylsaiyasiSaecSuerciutireitsieBseBrheardha(d" B("uBrsuarsSaecSuerciutireitsi"e)s "h)ashansotnopterpuesreudsetdhitshSistaStetamtemntenptriporiotor to iittss iitssssuiasasnuccaeenacases iaittsiisist cciasattecegagotoerrgiisoseerdidsueudndueenrrdEeExrxeeEmxpeptmt CpCitirrcCcuilrlacarur lparreespscrcrerisibceredidbbebdy bByurrBssauarSsSaeeccSuerricitutiiereisst.i.eBs.urrBssauarsa Bursa Malaysia Securities Berhad ("Bursa Securities") has not perused this Statement prior to itsiitssiusasnucaencaes aits iist cisatceagtoergioseridseudnduenrdeErxEemxepmt pCtirCciurlcaurlaprrepsrcersicbreidbebdy bByuBrsuarsSaecSuerciutireitsi.esB.uBrsuarsa SeeccSuerricitutiiereisstitetaasketeassknenoso nrreoessprpeosnpssoiibnbisilliiibttyiylifftoyorrftothreetchcoeonctteoenttsesnotfsf tothfiissthSisttaatSteetmamteenmntt,e, nmt,aakmkeeassknenoso nrreoeprreespserenensttaeatntiitoantion its issuance as it is categorised under Exempt Circular prescribed by Bursa Securities. Bursa SecSuerciutireitsietas kteaskenso nroesrpeosnpsoinbsiilbitiylitfyorfothr ethceonctoennttesnotsf othf itshiSstaStetamtemnte,nmt,amkeaskenso nroeprreepsreensteantitoatnion aass ttaosiittoss aiatccsccaucrracacucyryaocoryr ccoormcpoplmleetpteelneneteessnsseaasnsdaenexdxperrxeespssrslelyssdliyisscdclilasaicimlassimaansyalnliiyaabliilaliibttyiyliwtyhawattshsoaoetesvoeeerrvffeorrrfaaonryalnloyssslsoss Securities takes no responsibility for the contents of this Statement, makes no representation as atos ittosiatsccaucrcaucryacoyr ocor mcopmleptelentesnseassndanedxperxepsrselsysdlyisdcilsacimlasimasnyanliyabliialbitiyliwtyhwathsaotesvoervfeorrfoanr yanloyslsoss howhsosoweesvoeeerrvaearriissaiirnigsginffrgromfmroomorr ioinr rirenelliiraaenlcicaeencuepounpotthnheethwehowolleheooloerr aoanrnyanpyaarrtpt aorftf otthfeethcceoncttoeennttsesnotosff otthfiissthis as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howhosowesvoervearriasrinisginfgrofmromor oirn irnelriaenlicaencuepounpotnhethwe hwolheoloer oarnyanpyarptarotf otfhethceoncotennttesntosf otfhitshis SttaatSteetmamteenmntt.e.nt.

howsoever arising from or in reliance upon the whole or any part of the con tents of this StaStetamtemnte.nt.

Statement.

STASARTRAMREMDIEIADIGARGORUOPUBPERBRHEHRAHDAD

ReeggRiisesttgrriaasttiriooantiNoNnoo..N11o99.7711900711100001000550220335(2(113008(81990448--D9D4))-D)

STSATRAMR EMDEIDAIGARGORUOPUBPEBREHRAHDAD

RegRiesgtrisattrioantioNno.N1o9. 711907110001005020352(310(819048-9D4)-D)

STAR MEDIA GROUP BERHAD

((IInc(coIonrrpcpoorrpaaotteredadtieindMinaalMlaayayslsiaiaay))sia) Registration No. 197101000523 (10894-D)

(In(cIonrcpoorrpaotreadteind MinaMlaaylsaiyas)ia) (Incorporated in Malaysia)

STASATEAEMTMEEMNTETNTTOTSOHASAHRAEHRHEOHLODELERDRSESRS STSATTAETMEEMNETNTOTSOHSAHRAERHEOHLODLEDRESRS STATEMENT TO SHAREHOLDERS

PROPORPOSPSEOEDSDERDENRNEWNWEAWLAOLFOAFUATHUHTOHROIITRYITFYOFROSRTASARTRAMREMDIEIADIGARGORUOPUBPERBRHEHRAHDA((D"S(T"ASARTRAR PRPORPOPSOESDERDERNEENWEAWLAOLFOAFUATUHTOHROIRTYITFYOFROSRTSATRAMR EMDEIDAIGARGORUOPUBPEBREHRAHDA(D"S(T"SATRAR MEMDIEIAD"IAO"RO"RTH"TEHCEOCMOPMANPNAYN")Y) T"TO)OTPOURPRUCRHCAHSEAESIIETSITOSWONWONRODRIINDAINRAYRSYHASAHRAESRSEOSFOUFPUP PROPOSED RENEWAL OF AUTHORITY FOR STAR MEDIA GROUP BERHAD ("STAR MEMDEIDAI"AO"RO"RT"HTEHCEOCMOPMAPNAYN"Y) "T)OTPOUPRUCRHCAHSAESIETSITOSWONWONRODRIDNIANRAYRSYHSAHRAERSEOSFOUFPUP TOTTOTENTNEPNPERPRCECRENCNTETN((T10(%10))%O)FOIIFTSITTSOTOALTLANLUNMUBMERBREOROFOIIFSSIUSESEDUDESDSHASAHRAESRSEOSROTRTHTEHE MEDIA" OR "THE COMPANY") TO PURCHASE ITS OWN ORDINARY SHARES OF UP TOTOTETNENPEPRECRECNETNT(10(%10)%O) FOFITSITTS OTTOATLALNUNMUBMEBREROFOFISSISUSEUDEDSHSAHRAERSEOS RORTHTEHE

IIN IRNELRLAEATLTIAIOTNIOTNOT::O: INIRNERLEALTAIOTINOTNOT:O: IN RELATION TO:

TOTOALTLANLUNMUBMERBREORFOVFOVTOIINTGINSGHASAHRAETSRSOETSAL TO TEN PERCENT (10%) OF ITS TOTTOATLANLUNMUBMEBREORFOVFOVTOINTIGNSGHSAHRAERSES TOTAL NUMBER OF VOTING SHARESNUMBER OF ISSUED SHARES OR THE

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50th

AnnAnunaanlluGaGleenGeeerranalel rMaMl eeeMettieinegtin((g""A(G"AMG"")M) "o)ff oSfttaarSr taMr eedMdiiaeadGiGarroGurpouBpeerrBhaeadrdha((d""tth(e"ethCeomCpopamanpya""n))y"tto)o

AnAnunanluaGl eGnernaelraMl eMeteinetgin(g"A("GAMG"M) "o)f oSftaSrtaMr eMdieadiGa roGurpouBp erBheardha(d"t(h"ethCe oCmopmanpya"n)y"t)o tboe be cconcdounccdtteuedcdteodn oaanvaiirrtvtuiaraltlubaalassbiisas sttihsrrotohurgohugllihiveelivsstetrreesaatmrmeiainmginffrgromfmrottmheethberrobaadrdoccaadsstctavsetenvueenuaatet CaCtybCeeyrrhbhueurbh,,ub, Annual General Meeting ("AGM") of Star Media Group Berhad ("the Company") to be concdouncdtuecdteodn oan vairvtuiratluablasbiassitshrtohurgohuglhivleivsetrestarmeainmginfgrofmromthethberobardocaadsctasvtenvueenuaet aCtyCbeyrbheurbh,ub, LeevLeeellv2e,,l M2,eenMnaaerranaaSrtataarSr,,ta1r5,,,1JJ5aa,llaJananl1a1n6//1161,/,1416,3456035P0eettaPaleliitnaglinJJagayJaaa,,ySae,ellaSanenglgaonrrgDoDraarrDulalrEuhlhssEaahns,,aMn,aalMlaayayslsaiiayasia conducted on a virtual basis through live streaming from the broadcast venue at Cyberhub, LevLelve2l, 2M,eMnaernaarSataSrt,a1r,5,15Ja,lJaanla1n6/1161/,114,63456035P0etPaelitnalginJgayJa,yaS,elSaenlgaonrgoDraDrualruElhEsahns,anM,aMlaaylsaiyasia on MoMnoMndoanyd,,a2y3, M2M3aMy 2a20y02220a2at2t 1a0t..0100.a0a.0.ma...morr. aaottraantyaanadydjjoaoudurjronumrenenmnttettnhteertreheoeofrf.e.of.

ThTe hresroelsuotliuotnioin irnesrpeescptecotf othfethaeboavbeovperopprospaolsawlilwl iblle bteabtlaebdleads asspescpieacliablusbiunseisnsesast athteth5e050th The resolution in respect of the above proposal will be tabled as special business at the 50 th

th

tboee be

Level 2, Menara Star, 15, Jalan 16/11, 46350 Petaling Jaya, Selangor Darul Ehsan, Malaysia onoMn oMndonayd,a2y3, 2M3aMya2y02202a2t 1at0.1000.0a0.ma.mo.r oart ant yanaydjaodujronumrnemntenthtetrheeorfe.of.

on Monday, 23 May 2022 at 10.00 a.m. or at any adjournment thereof.

TheeTNhNeotNtiiccoeetiocfef ttohfeetAhAeGAMG,, MFo,rrFmooromff PorrfoPxryo,,xAyd,dmAmidinmiissitntrriaasttiirvaeetiGvGeuiGideueiadanedatnthdiissthSitstaatSteetmamteenmntt,e, naartre,eaprueubplliuissbhleiesdhed ThTe hNeoNtioceticoef othfethAeGAMG,MFo, rFmoromf oPfroPxryo,xAy,dAmdinmiisntrisatrivateivGeuGidueidaendanthditshSistaStteamtemnte,natr,eapreubpluibshliesdhed aatt ttahteetChCeomCpopamanpya''nssyw'seebwsseiitbteesiaattet wawtww.w.sswtta.rsrmtmaeerdmiiaeagdgriraogurpo..mumpyy...mPyl.leeaPaslseeafsfoelllfloowllotthwheetphpreropccereodcuerrdeesusrpeprsropvriidodevedidded The Notice of the AGM, Form of Proxy, Administrative Guide and this Statement, are published at athtethCeoCmopmanpya'nsy'wsewbseibtesitaet awtwww.swta.s t r th thmaremdieadgiraogurpo.umpy.m. yP.lePalseeasfeolflolwlotwhethperopcreodcuerdeusrepsropvriodveid ed iin ttihneetAhAedmAmidinmiissitntrriaasttiirvaeetiGvGeuiGideueifdfoerrfttohreet5h50e0 50AtGhGAMGttMo rrteeogirisestgteeirsr,,tepraa,rrtptiiaccriitpiacatitepeaatnedavnvodotteveorrteemroeotmteelolytevliyiaavttihaeethe at the Company's website atwww.star th mediagroup.my. Please follow the procedures provided in tihnethAedAmdinmiisntriastrivateivGeuGidueidfoerfothreth5e050AGAMGMto rtoegriesgteisrt,epra,rptaicrtipicaitpeaatendanvdotveortemreomteolytelvyiavtihaethe ReemRoeotmteeoPtPeaarrPttiiaccriitpiacatitipioantioaanndanVdotVtiinogtinffgaaccifilaliicttiieleisstiepsrropvriidodevediddebdy bTyrriicTcorrircoIInrnvIeenssvttoeorsrto&r I&IssssuIuisinsnguginHgouHussoeeuse in the Administrative Guide for the 50th AGM to register, participate and vote remotely via the RemReomteotPearPtaicrtipicaitpioatnioanndanVd oVtiontginfgacfialcitiileitsiepsropvriodveid ebdy bTyriTcroircoIrnvIensvteosrto&r &IssIusisnuginHg oHusoeuse

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SeerrSvieicrcevesisceSsdnS..dnB.hdB..hd ((" ."T(rr"iicTcorrir"c")o) r"tth)hrrotohurgohugiihttss iTtTsIIIIHTHIIoHonllioinneelinweeebwsseiitbteesitaaett ahtttttphsst:t:/p///stti:ii/ih/ht..ioinhnl.lioinneelinoerr Remote Participation and Voting facilities provided by Tricor Investor & Issuing House SerSveircveisceSs dnS.dnB. hBd.hd(."T(r"iTcroirc"o)r"t)hrtohurgohughits itTs IITHIIHonloinleinwe ewbseibtesitaet aht tthptst:p//st:i/i/hti.iohn.loinleinoer htthptst:p//st:i/i/hti.icho.mco.my.m(yDo(DmoaminairnegriesgtriastrioatnionnumnubmerbewritwhitMhYMNYICN:IDC1:DA12A82788217)8.1).https://tiih.com.my (Domain registration number with MYNIC:D1A282781).

oorrhttttphsst:t:/p///stti:ii/ih/ht..icciohom.mc.o.mmyy.m((Dy o(mDmaoaiminarrieengirisestgtrriaasttiiroantinonunumnbubemerrbweiritthwhiMthYMNYIICN::DIDC1:ADA2128A82278821h17)t)8.t.p1s):. //tiih.onlineServices Sdn. Bhd. ("Tricor") through its TIIH online website at or

A mAeembebemerrbwewrhowo haaoppaopiinpntotssinptpsrropxryo((xiieyess()i)emsm)aaymy adyeepdoesspiitot sttihteethdeullydyueleyxeeeccxuettecedudteFdorrFmoromoff oPfrroPxryoxiinyn tithnheethe A Amemebmerbewr hwo haoppaopipnotisntpsropxryo(xiye(si)esm) amy adyepdoespiot sitthethdeuldyuleyxecxuetceudteFdorFmormof oPfroPxryoxiyn itnhethe ffolllfloowllioinwgimnmgaanmnnaeenrrnbeereffborerefeo1r10e0..0100.a0a.0.ma...mon. SoSnattSuarrtduaryd,,a2y1, M2M1aMy 2a20y02220::22:

A member who appoints proxy(ies) may deposit the duly executed Form of Proxy in the folflolwloinwginmgamnnaenrnebrefboerfeor1e0.1000.0a0.ma.mo.noSnatSuartduaryd,ay2,1 2M1 aMy a2y0220:22: following manner before 10.00 a.m. on Saturday, 21 May 2022:

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(a) (a)

VeerrVttiieccraatlilcBaulussBiinunesesisnsseSsSusuiiStteeu,,itAe,veAenvueenu3,e, B3B,aanBgassnaagrrsSaSorouStthoh,u, tNhN,o.N. 8o8,., J8Jaa,llaJananlaKneerrKiinecrchihnii,c, h5i9,92509020K0uaKallauaala If submitted by hard copy, be lodged at Tricor's office at Unit 32-01, Level 32, Tower A, VeVrteicrtailcaBluBsiunseisnsesSsuiStue,iteA,vAenvueenu3e, 3B,anBgasnagrsaSrouStohu,thN,oN. o8., 8Ja, lJaanlaKneKrienrcihnic,h5i,92509020K0uKaluaala LumLpupumurrp,,uMr,aalMlaayayslsaiiayasoioarr aoalrltteearrlntaeatrtinivaeetlilyvy,e, lCyC,ussCttouomsmteoermr SeSreerrSvieicrceveicCeeenCttrerene,,trUeU,niUitt nGit--3G,,-G3G,rroGurnodunFdlloForlro,,or, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala LuLmupmurp,uMr, aMlaaylsaiyasioar oarltaerltneartnivateilvye,lyC,uCstuosmtoemr eSrerSveircveicCeenCternet,reU,nUitnGit -G3,-3G,roGurnodunFdloFolro,or, VeerrVttiieccraatlilcPaolodPiiuoumdmi,u, mAv,veAenvueen3u3,e, B3a,anBgassnaagrrsSaorouStthoh,u,tNho,o.N. 8o,,. JJ8aa,llaJananlKaKneerrKiinecrchihnii,c,h5i9,250902K0K0uaKallauaaLlaumLpupumurrp,,ur, Lumpur, Malaysia or alternatively, Customer Service Centre, Unit G-3, Ground Floor, VeVrteicrtailcPalodPioudmiu,mA,vAenvueenu3e, 3B,anBgasnagrsaSrouStohu,thN,oN. o8., 8Ja,lJaanlaKneKrienrcihnic,h5i,92509020K0uKaluaaLlauLmupmurp,ur, MaalMlaayayslsaiiaya.s. ia.

Vertical Podium, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, MaMlaaylsaiyas.ia.

Malaysia.

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httttphsst:t:/p///stti:ii/ih/ht..ioinhnl.lioinneel.i. ne.

If submitted electronically, be submitted via Tricor's TIIH Online website at htthptst:p//st:i/i/hti.iohn.loinlei. ne.

https://tiih.online.

TheeTlhloedglgoiindngionofgf ttohfeetFhFoeorrFmoromff PorrfoPxryowxwyiilllwl ninlolttnporrteecpclrlueudcdeleuydyoeouyfofrruomfmropmaarrtptiiaccriitpiacatitipinagtianangndavnvodottivinogtirnreegmroeotmteelolytely ThTe hloedlgotthidhngginogf othfethFeorFmoromf oPfroPxryoxwyilwl inlol tnportepcrleucdleudyeouyofurofmropmarptaicrtipicaitpinatginagndanvdotviontginrgemreomteolytely aatt ttahteet5h50e0 50AtGhGAMGssMhosuhlldoduylodouysosubssueebqsueeqnuttlelyntwlyiisswh itstohdto sdso..so.

The lodgtihng of the Form of Proxy will not preclude you from participating and voting remotely at tahteth5e050AGAMGMshosuhlodulydouyosubssuebqsueeqnutelnytlwyiswhistho tdoodso.so.

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at the 50th AGM should you subsequently wish to do so.

ThiiTsshSitstaatSteetmamteenmntteiinsstdiasattededadt2e22d2 A2A2prAriilpl 2r2i0l222022 ThTishSistaStetamtemntenist disatdeadte2d22A2pAriplr2il022022 This Statement is dated 22 April 2022

DEFINITIONS

Except where the context otherwise requires, the following definitions [in alphabetical order] shall apply throughout this Statement:

"Act"

• : The Companies Act 2016, as amended from time to time and any re-enactment thereof

  "AGM"

• : Annual General Meeting

  "Board"

• : The existing Board of Directors of Star Media as at the date of this Statement

  "Bursa Securities"

• : Bursa Malaysia Securities 200301033577 (635998-W)]Berhad

  [RegistrationNo.

  "Code"

• : Malaysian Code on Take-Overs and Mergers 2016, including any amendments that may be made from time to time

  "Director s"

• : Shall have the meaning given in Section 2(1) of the Capital Markets and Services Act 2007

  "Direct Business Transaction"

• : Shall mean a transaction in securities entered into outside the Automated Trading System of Bursa Securities in accordance with the Rules of Bursa Securities

  "EPS"

• : Earnings per share

  "Listing Requirements"

• : Main Market Listing Requirements of Bursa Securities, as amended from time to time and any re-enactment thereof.

  "LPD"

• : 31 March 2022, being the latest practicable date prior to the printing of this Statement.

  "Major shareholder"

  "Minister"

• : A person who has an interest or interests in one or more voting shares in Star Media and the number or the aggregate number of those shares, is:

  • a) Ten percent (10%) or more of the total number of voting shares in the Company; or

  • b) Five percent (5%) or more of the total number of voting shares in the Company where such person is the largest shareholder of the Company.

  For the purpose of this definition, "interest" shall have the meaning of "interest in shares" given in Section 8 of the Act.

• : The Minister charged with the responsibility of companies, as defined in the Act

  "NA"

• : Net Assets

ii

"Person(s) connected"

• : Such person, in relation to a director or major shareholder (referred to as "the said Person") who falls under any one of the following categories:

  • a) a family member of the said Person, which family shall have the meaning given in Section 197 of the Act;

  • b) a trustee of a trust (other than a trustee for a share scheme for employees or pension scheme) under which the said Person, or a family member of the said Person, is the sole beneficiary;

  • c) a partner of the said Person;

  • d) a person, or where the person is a body corporate, the body corporate or its directors, who is/are accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of the said Person;

  • e) a person, or where the person is a body corporate, the body corporate or its directors, in accordance with whose directions, instructions or wishes the said Person is accustomed or is under an obligation, whether formal or informal, to act;

  • f) a body corporate in which the said Person, or persons connected with the said Person are entitled to exercise, or control the exercise of, not less than 20% of the votes attached to voting shares in the body corporate; or

  • g) a body corporate which is a related corporation of the said Person.

  "Proposed Share Buy- Back"

• : Proposed renewal of authority for Star Media to purchase up to ten percent (10%) of the issued share capital of the Company.

  "RM" and "sen"

• : Ringgit Malaysia and sen, respectively

  "SC"

• : Securities Commission Malaysia

  "Star Media Group" or "Group"

• : Star Media and its subsidiary companies

  "Star Media Share(s)" or "Share(s)"

• : Ordinary share(s) in Star Media

  "Star Media" "Company"

  or

• : Star Media Group Berhad [Registration No. 197101000523 (10894-D)]

  "Statement"

• : This statement dated 22 April 2022

  "Substantial shareholders"

• : Shall have the meaning given in Section 136 of the ActWords importing the singular only shall include the plural and vice versa and words importing the masculine gender shall, where applicable, include the feminine and neuter genders and vice versa. References to persons shall include corporations.

All references to the time of day in this Statement are references to Malaysian time.

ii ii

PAGE INDEX

STATEMENT TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

Appendix IFurther Information

iii

iii

STAR MEDIA GROUP BERHAD

Registration No. 197101000523 (10894-D)

(Incorporated in Malaysia)

Registered Office:

Level 15, Menara Star,

15, Jalan 16/11,

46350 Petaling Jaya,

Selangor Darul Ehsan,

Malaysia

Date: 22 April 2022

BOARD OF DIRECTORS:

Tan Sri Dato' Seri Chor Chee Heung (Chairman, Independent Non-Executive Director) Tan Sri Dato' Sri Kuan Peng Ching @ Kuan Peng Soon (Deputy Chairman, Non-Independent Non-Executive Director)

Dato' Dr Mohd Aminuddin bin Mohd Rouse (Non-Independent Non-Executive Director) Mr. Choong Tuck Oon (Independent Non-Executive Director)

Madam Wong You Fong (Independent Non-Executive Director) Mr. Chan Seng Fatt (Independent Non-Executive Director) Mr. Loh Chee Can (Independent Non-Executive Director)

To:The Shareholders of Star MediaDear Sir/Madam,

SHARE BUY-BACK STATEMENT

• 1. INTRODUCTION

  At the 49th AGM of the Company held on 24 May 2021, the shareholders of the Company approved the grant of authority to the Company to purchase up to 73,856,360 Star Media Shares representing up to ten per cent (10%) of the issued share capital of the Company, subject to the prevailing laws and relevant regulations, rules and guidelines as may be issued by the relevant authorities and the availability of retained profits in the Company. The said authorisation shall, in accordance with the Listing Requirements, expire at the conclusion of the forthcoming AGM which has been scheduled to be held on 23 May 2022 unless a fresh mandate is obtained from its shareholders.

  On 22 February 2022, the Board of Directors of the Company had announced the Company's intention to seek a renewal of its shareholders' authorisation for the Proposed Share Buy-Back at the forthcoming AGM.

• The Notice of 50th AGM and Form of Proxy are enclosed in the Annual Report 2021.

• 2. DETAILS OF THE PROPOSED SHARE BUY-BACK

  The Board wish to seek its shareholders' approval for the renewal of authority for the Company to purchase up to ten percent (10%) of its issued share capital, subject to compliance with Sections 112, 113 and 127 of the Act, Chapter 12 of the Listing Requirements and any prevailing laws, rules, regulations, orders, guidelines and other requirements issued by the relevant authorities.

  As at the LPD, the Company has purchased 13,798,700 Star Media Shares which are held as treasury shares. As at the LPD, the total issued share capital of the Company is RM738,563,602 comprising 738,563,602 Star Media Shares. A total of up to 73,856,360 Star Media Shares may be purchased by the Company under the Proposed Share Buy-Back inclusive of 13,798,700 Star Media Shares already purchased and currently held as treasury shares.

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