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Issuance of free warrants ("Warrants") on the basis of 2 Warrants for every 5 existing ordinary shares in K-Star Sports Limited ("K-Star") ("K-Star Shares") held on 5:00 p.m. on 6 April 2018
Each Warrant entitles the Warrant holder to subscribe for 1 new K-Star Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM0.08, subject to adjustments in accordance with the provisions of the Deed Poll dated 23 March 2018. Any Warrants which are not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 19 April 2018.