Reference is made to the Company’s announcements dated 7 December 2020, 10 December 2020, 21 December 2020 and 28 December 2020 in relation to the Proposed 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 Securities Commission Malaysia had, vide its letters dated 22 January 2021, notified that it has no further comments on the circular and independent advice letter in relation to the Proposed SCR.

This announcement is dated 22 January 2021.