We refer to the announcements 9 October 2020, 12 October 2020, 15 October 2020, 19 October 2020, 11 December 2020 and 17 December 2020 ("Announcements").

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

On behalf of the Board, Affin Hwang IB wishes to announce that an application for an extension of time of six (6) months from 16 April 2021 to 15 October 2021 for the completion of the Proposed Private Placement has been submitted to Bursa Securities on 26 March 2021.

Further announcements in relation to the above will be made in due course in accordance with the Listing Requirements.

This announcement is dated 26 March 2021.