The Board of Directors of KKB Engineering Berhad (“KKB” or “the Company”) wishes to annouce that KKB has subscribed 5,000,000 new ordinary shares in the share capital of OceanMight Sdn. Bhd. (“OMSB”), an associate company of KKB. The approval to the said subscription of new shares was approved on 24 January 2018. Following the said subscription of new shares, OMSB became a 60.81% owned subsidiary of the Company.

None of the Directors or major shareholders or persons connected with them has any interest, direct and indirect, in the said subscription of new shares. It does not have any material impact on the net assets and earnings per share of KKB Group for the financial year ending 31 December 2018.

This announcement is dated 5 February 2018.