PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF WEIDA PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

The terms used herein shall have the same meaning as those defined in the announcement made on 29 January 2018, unless otherwise stated.

We refer to the announcements dated 29 January 2018, 13 February 2018, 5 March 2018, 9 March 2018, 13 March 2018, 12 April 2018 and 6 September 2018 and the circular to shareholders dated 7 September 2018 in relation to the Proposed SCR.

On behalf of the Board, RHB Investment Bank Berhad wishes to announce that the Entitled Shareholders of the Company have approved the Special Resolution set out in the Notice of EGM dated 7 September 2018 in respect of the Proposed SCR (“Special Resolution”), at the EGM of the Company held today, 9 October 2018.

The Special Resolution is to be approved by a majority in number of shareholders and at least 75% in value to the votes attached to disinterested shares that are cast either in person or by proxy at the EGM of Weida, provided that the value of votes cast against the resolution for the Proposed SCR at the EGM is not more than 10% of the votes attaching to all disinterested shares of the total voting shares of Weida.

The results of the poll at the EGM, which were validated by Malaysian Issuing House Sdn Bhd, the Independent Scrutineer appointed by the Company, are as follows:

Based on the poll results, all of the votes attached to disinterested shares that were cast either in person or by proxy at the EGM voted in favour of the Special Resolution. Further, none of the votes attached to all disinterested shares of the total voting shares of Weida voted against the Special Resolution. Therefore, the Special Resolution was carried.

The application to the High Court to seek the confirmation for the reduction of share capital under Section 116 of the Act will be lodged in due course.

This announcement is dated 9 October 2018.