(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; and

(xvi)   15 September 2020; and

(xvii)  24 September 2020; and

(xviii) 25 September 2020; and

(xix)   21 October 2020; and

(xx)    26 October 2020.

On behalf of UCrest, KAF IB wishes to announce that the second tranche of the Proposed Private Placement was completed following the listing and quotation for 10,600,000 Placement Shares on the ACE Market of Bursa Securities on 27 October 2020.

This announcement is dated 27 October 2020.