We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mulpha Australia Limited, a wholly-owned subsidiary of MIB, has on 20 October 2017, acquired 1 ordinary share of US$1.00 each, representing 100% of the total issued and paid-up share capital of Market Sino Limited ("MSL") for a total consideration of US$1.00 (equivalent to approximately RM4.22).  As a result of the acquisition, MSL has become an indirect wholly-owned subsidiary of MIB.

MSL was incorporated in British Virgin Islands on 28 November 2013 and its authorised and paid-up share capital are US$50,000.00 and US$1.00 respectively. MSL is currently dormant.

None of the directors or substantial shareholders of MIB or persons connected with them has any interest, direct or indirect in the aforesaid acquisition.

This announcement is dated 20 October 2017.