The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Rights Issue with Warrants.

Reference is made to the earlier announcements by UOBKH on behalf of the Board on 3 July 2020, 24 July 2020, 21 August 2020, 26 August 2020 and 13 October 2020 in relation to the Rights Issue with Warrants.

On behalf of the Board, UOBKH wishes to announce that the Board had on 11 November 2020 ("Price-Fixing Date") resolved to fix the issue price of the Rights Shares at RM0.20 per Rights Share ("Issue Price") and the exercise price of the Warrants B at RM0.42 per Warrant B ("Exercise Price").

The Issue Price was determined and fixed by the Board after taking into consideration the following:-

i. The gross proceeds to be raised from the Rights Issue with Warrants for the utilisation purposes as set out in Section 2.8 of the circular to shareholders of OCK in relation to the Rights Issue with Warrants dated 26 October 2020;

ii. The TERP of RM0.40 per OCK Share, calculated based on the 5-day VWAP of OCK Shares up to and including 10 November 2020, being the last market day immediately preceding the Price-Fixing Date;

iii. The Board's intention to fix the Issue Price at a discount of not more than 75% to the TERP; and

iv. The prevailing market conditions and historical trading prices of OCK Shares for the past 12 months.

The Exercise Price was determined and fixed by the Board after taking into consideration the following:-

i. The Warrants B will be issued at no cost to the Entitled Shareholders and/ or their renouncee(s) who successfully subscribe for the Rights Shares;

ii. The historical trading prices of OCK Shares for the past 12 months; and

iii. The Board's intention to fix the Exercise Price subject to a maximum discount of not more than 25% to the TERP, calculated based on the 5-day VWAP of OCK Shares up to and including the last market day immediately preceding the Price-Fixing Date.

The Issue Price represents a discount of 50% to the TERP of RM0.40 per OCK Share, calculated based on the 5-day VWAP of OCK Shares up to and including 10 November 2020, being the last market day immediately preceding the Price-Fixing Date. The Exercise Price represents a premium of 5% to the TERP of RM0.40 per OCK Share.

This announcement is dated 11 November 2020.