We wish to announce that HAIO-CC had expired at 9.00 a.m. on 9 April 2018 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount

= Number of HAIO-CC exercised x (1/Exercise Ratio) x (Closing Price – Exercise Price) – 0.30%*

= Number of HAIO-CC exercised x (1/4) x (RM4.8446 - RM5.1000) – 0.30%*

= Number of HAIO-CC exercised x RM0.0000 – 0.30%*

*The Exercise Expenses are subject to 6% GST.

The Closing Price of RM4.8446 is the average daily volume weighted average price (VWAP) of the ordinary shares of HAIO for the five (5) market days prior to and including the market day immediately before the Expiry Date. The HAIO-CC is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised HAIO-CC will cease to be valid and all our obligations in respect to HAIO-CC shall terminate absolutely.

This announcement is dated 9 April 2018.