(Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those used in the Company’s announcements dated 21 April 2020, 28 May 2020, 30 June 2020, 14 July 2020, 16 July 2020, 17 July 2020, 3 August 2020, 14 August 2020 and 11 September 2020 in relation to the Proposals (“Announcements”))

Reference is made to the Announcements.

M&A Securities Sdn Bhd on behalf of the Board of Directors of SHIB, wishes to announce that the Company had on 21 September 2020 submitted an application to Bursa Malaysia Securities Berhad ("Bursa Securities") for an extension of time up to 1 December 2020 to despatch the circular in relation to the Proposed Creditors Debt Settlement.

Further announcement will be made upon the receipt of decision from Bursa Securities.

This announcement is dated 21 September 2020.