(Unless stated otherwise, abbreviations and definitions used throughout this announcement shall be the same as the announcement in relation to the Proposed Private Placement on 24 October 2017)

This announcement should be read in conjunction with the announcements made by KAF IB on behalf of Key ASIC in relation to the Proposed Private Placement on the following dates:-

(i) 24 October 2017; and

(ii) 25 October 2017; and

(iii) 26 October 2017; and

(iv) 18 January 2018; and

(v) 26 January 2018; and

(vi) 2 February 2018; and

(vii) 9 February 2018; and

(viii) 27 February 2018; and

(ix) 23 May 2018; and

(x) 5 June 2018; and

(xi) 6 June 2018; and

(xii) 12 July 2018; and

(xiii) 18 July 2018; and

(xiv) 20 July 2018; and

(xv) 30 July 2018; and

(xvi) 31 July 2018; and

(xvii) 7 November 2018; and

(xviii)19 November 2018; and

(xix) 11 January 2019; and

(xx) 28 January 2019; and

(xxi) 10 July 2019; and

(xxii) 4 September 2019.

On behalf of the Board, KAF IB wishes to announce that the Company had, on 8 January 2020, submitted an application to Bursa Securities seeking its approval for an extension of time of six months until 25 July 2020 to complete the Proposed Private Placement.

This announcement is dated 8 January 2020.