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 , 11 September 2020 and 21 September 2020 in relation to the Proposals (“Announcements”)

We refer to the announcement dated 21 September 2020.

On behalf of the Company, M&A Securities wishes to announce that Bursa Securities had on 7 October 2020, resolved to grant SHIB an extension of time until 16 October 2020 to issue the circular to shareholders of SHIB in relation to the Proposed Creditors Debt Settlement.

This announcement is dated 8 October 2020.