On behalf of the Board of Directors of SCIB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") wishes to announce that the Company proposes to undertake the following:-

(i) bonus issue of up to 367,897,500 new ordinary shares in SCIB ("SCIB Share(s)" or "Share(s)") ("Bonus Share(s)") on the basis of 3 Bonus Shares for every 1 existing SCIB Share held on an entitlement date to be determined and announced later ("Bonus Entitlement Date") ("Proposed Bonus Issue of Shares"); and

(ii) issuance of up to 245,265,000 free warrants in SCIB ("Warrant(s)") on the basis of 1 Warrant for every 2 SCIB Shares held on an entitlement date, which will be after the Bonus Entitlement Date, to be determined and announced later ("Warrants Entitlement Date") ("Proposed Issue of Free Warrants").

The Proposed Bonus Issue of Shares and the Proposed Issue of Free Warrants are collectively referred to as the "Proposals".

Please refer to the attachment for further details of the Proposals.

This announcement is dated 27 August 2020.