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 28 November 2017)

We refer to the announcements made by the Company on the following:-

(i)     28 November 2017; and

(ii)    28 December 2017; and

(iii)   4 January 2018; and

(iv)   22 January 2018; and

(v)    26 April 2018; and

(vi)   12 June 2018; and

(vii)  28 June 2018; and

(viii)  14 December 2018; and

(ix)   31 December 2018; and

(x)    14 June 2019; and

(xi)   5 September 2019; and

(xii)  13 December 2019; and

(xiii)  11 February 2020.

On behalf of the Board, KAF IB wishes to announce that the Company had, on 12 June 2020, submitted an application to Bursa Securities seeking its approval for an extension of time of six months from 29 June 2020 to 28 December 2020 to complete the Proposed Private Placement.

This announcement is dated 12 June 2020.