We refer to the announcements dated 28 December 2016, 26 January 2017, 17 February 2017, 2 March 2017 and 3 March 2017 ("Announcements"). Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those in the Announcements.

Due to the Companies Act 2016 which came into effect on 31 January 2017, IPS has withdrawn its previous application to Bursa Securities which was submitted on 26 January 2017.

IPS, on behalf of the Board of Directors of SCIB, wishes to announce that pursuant to the revised proposals announced on 3 March 2017, an application in relation to the listing of and quotation for the Consideration Shares and Placement Shares to be issued pursuant to the Proposed CGSB Acquisition and Proposed Private Placement respectively have been submitted to Bursa Malaysia Securities Berhad for approval on 7 March 2017.

This announcement is dated 8 March 2017.