Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall bear the same as those defined in the Announcements.

We refer to the announcements dated 21 September 2017, 6 October 2017, 25 October 2017, 27 November 2017, 28 November 2017, 4 December 2017, 5 December 2017, 11 December 2017, 12 December 2017 and 13 December 2017 ("Announcements").

On behalf of the Board, Affin Hwang IB wishes to announce that as at the closing of the acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 28 December 2017, the 205,867,236 Warrants B available under the Rights Issue has been fully subscribed and the details of the total valid acceptances and excess applications received are as follows:

	No. of Warrants B	% of total Warrants B
Valid acceptances	129,729,486	63.02
Valid excess applications	76,137,750	36.98
Total valid acceptances and excess applications	205,867,236	100.00

It is the intention of the Board to allocate the Excess Warrants B, if any, in a fair and equitable basis and in the following order of priority, where applicable:

(i)         firstly, to minimise the incidence of odd lots;

(ii)        secondly, for allocation to Entitled Shareholders who have applied for the Excess Warrants B on a pro-rata basis and in board lots, calculated based on their respective shareholdings as per their CDS Accounts as at 5.00 p.m. on 12 December 2017;

(iii)        thirdly, for allocation to Entitled Shareholders who have applied for the Excess Warrants B on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess Warrants B application; and

(iv)       finally, for allocation to the renouncee(s)/transferee(s) (if applicable) who have applied for the Excess Warrants B on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess Warrants B application.

In the event of any Excess Warrants B balance after the above allocations are completed, the balance will be allocated again through the same sequence of allocations (ii) to (iv) above until all Excess Warrants B are fully allocated.

The Warrants B will be allotted on 9 January 2018 and is expected to be listed and quoted on the Main Market of Bursa Securities on 12 January 2018.

This announcement is dated 5 January 2018.