We refer to the Company’s announcements dated 9 June 2020, 24 July 2020 and 24 August 2020 (collectively, the “Announcements”) in relation to the Proposed Disposal. Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Announcements.

The Board of Directors of LICB wishes to announce that the Company had on 15 September 2020 received a letter from the Buyer confirming that the Buyer is satisfied with the results of the Buyer Due Diligence in respect of Antara (including the Specified Assets).

Following thereto, the Parties will proceed to finalise and execute a supplemental agreement to the Agreement which shall (among others) (i) provide that the warranties contained therein are true and accurate in all respects up to Completion, by reference to the facts and circumstances then existing on the Completion Date; and (ii) contain mutually agreed Seller warranties and indemnities and, if applicable, additional conditions precedent and completion deliverables on or before 25 September 2020 based on the findings of the Buyer Due Diligence. The Board of Directors of LICB will make the necessary announcement on the supplemental agreement to the Agreement in due course.