(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; and

(xiv)   12 June 2020; and

(xv)    4 September 2020.

On behalf of UCrest, KAF IB wishes to announce that the Company has fixed the issue price for the first tranche of the Placement Shares at RM0.1223 per Placement Share.  The issue price of RM0.1223 per Placement Share represents a discount of 9.94% to the five-day VWAP of RM0.1358 per UCrest Share up to and including 14 September 2020, being the last market day prior to this price fixing date.

This announcement is dated 15 September 2020.