Reference is made to the Company’s announcements 7 December 2020 and subsequent announcements, as well as the circular to shareholders dated 25 January 2021 in relation to the SCR (“Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the Announcements.

On behalf of the Board, KAF IB wishes to announce that the High Court of Malaya had on 29 March 2021 granted an order confirming the reduction of the share capital of the Company pursuant to Section 116 of the Act (“Order”).

Following the above, the Company will proceed to extract the Order and the SCR will take effect upon the lodgement of an office copy of the Order with the Registrar of Companies pursuant to Section 116(6) of the Act.

Accordingly, the entitlement date in respect of the SCR will be announced in due course.

This announcement is dated 29 March 2021.