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We refer to the announcements dated 13 September 2019, 17 September 2019, 19 September 2019 and 5 March 2020 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board, UOBKH wishes to announce that the extension of time until 18 September 2020 previously granted by Bursa Securities to Masteel to complete the implementation of the Private Placement has lapsed today.

The Company has, to date, placed out and listed 25,500,000 Placement Shares to the Investor pursuant to the Private Placement and has resolved not to place out all remaining Placement Shares pursuant to the lapsing of the approval from Bursa Securities. Accordingly, the Private Placement is deemed completed today.

This announcement is dated 18 September 2020.

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