The Board of Directors of LKL (“Board”) wishes to announce that LKLAM, its wholly-owned subsidiary, had on 7 March 2022, acquired in aggregate of 250,000,000 new ordinary shares of Vizione at an issue price of RM0.08 each, representing 12.21% equity interest of the enlarged share capital of Vizione, for a total cash consideration of RM20,000,000.00 via the subscription of the excess rights shares with free warrants issued pursuant to the renounceable rights issue of new ordinary shares in Vizione (“Rights Shares”) on the basis of 1 Rights Share for every 1 existing ordinary share held in Vizione, together with the free detachable warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for (“the Subscription”). Pursuant to the Subscription, LKLAM will also be issued with 125,000,000 free Warrant E of Vizione.

Please refer to the attachment for further details about the Subscription.

This announcement is dated 7 March 2022.