We refer to the Company’s announcement dated 6 December 2016 (“First Announcement”) in relation to the Company triggering the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(e) of PN17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”). We further refer to the Company’s announcements dated 5 December 2017, 8 December 2017, 12 January 2018, 4 June 2018, 28 June 2018, 3 December 2018, 9 January 2019 as well as the subsequent monthly announcements relating to the status of the PN17.

On behalf of the Board of Directors of SMCB, KAF Investment Bank Berhad wishes to announce that the Company had today submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) seeking its approval for a further extension of time of up to 30 April 2019 for the Company to make the requisite announcement to Bursa Securities and a further extension of time of up to 31 July 2019 for the Company to submit its proposed regularisation plan to Bursa Securities.

The Application is subject to Bursa Securities’ consideration and an announcement in relation to the outcome will be released in due course.

This announcement is dated 28 February 2019.