We refer to the announcements dated 28 December 2016, 26 January 2017, 17 February 2017, 2 March 2017, 3 March 2017, 8 March 2017, 29 March 2017, 21 April 2017, 8 May 2017, 26 May 2017, 31 May 2017, 1 June 2017, 3 July 2017, 6 October 2017, 11 October 2017, 31 October 2017, 3 November 2017, 6 November 2017, 6 April 2018 and 18 April 2018 ("Announcements"). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall be the same as those in the Announcements.

On behalf of the Board, Inter-Pacific Securities Sdn. Bhd. wishes to announce that the Private Placement is deemed completed today as the further extension of time of three (3) months granted by Bursa Securities on 17 April 2018 to complete the Private Placement expires on even date.

On 6 November 2017, 5,000,000 Placement Shares were listed and quoted on the Main Market of Bursa Malaysia Securities Berhad. Only 5,000,000 new SCIB Shares out of the 36,397,125 new SCIB Shares were placed out pursuant to the Private Placement.

This announcement is dated 20 July 2018.