(Unless stated otherwise, abbreviations and definitions used throughout this announcement shall be the same as the announcement in relation to the Proposals dated 12 August 2021)

1. We refer to the announcements made by KAF IB on behalf of the Company on the following dates:-

(i) 26 February 2021; and

(ii) 16 March 2021; and

(iii) 12 August 2021; and

(iv) 18 August 2021,

in relation to the Proposals.

2. On behalf of the Company, KAF IB wishes to announce that:-

(i)       The Proposed Amendments to the Constitution has been approved by the shareholders of the Company in the 19th Annual General Meeting of the Company held on 4 October 2021; and

(ii)      The Board has decided to abort the Proposed Rights Issue of ICULS (“Abortion”) after having considered all relevant aspects of the Abortion, which include, but not limited to, the expected longer time required for the Company to complete the Proposed Rights Issue of ICULS and hence, the Company has decided to explore alternative avenue to raise funds expeditiously for the operational requirements of the Group.

3.       On behalf of the Company, KAF IB had, on even date, submitted the following:-

(i)       A letter to Bursa Securities to request for the withdrawal of the listing application and draft circular for the Proposals dated 18 August 2021; and

(ii)      A letter to the SC to request for the withdrawal of the application to the SC on the Proposed Rights Issue of ICULS dated 18 August 2021.

4. This announcement is dated 20 October 2021.

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