Kim Hin Joo (Malaysia) Berhad - Media Release for Quarterly Results for the Financial Quarter Ended 30 September 2020

KAREX BERHAD ("KAREX" OR THE "COMPANY") PROPOSED ACQUISITION OF THE REMAINING 30 SHARES OF COMMON STOCK IN GLOBAL PROTECTION CORP. ("GP"), REPRESENTING 30% OF THE EQUITY INTEREST IN GP, BY KAREX GLOBAL LIMITED, A WHOLLY-OWNED SUBSIDIARY OF KAREX, FROM DAVIN WEDEL FOR A PURCHASE CONSIDERATION OF RM42,263,250.18 TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF UP TO 82,934,164 NEW ORDINARY SHARES IN KAREX AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED ACQUISITION")

MAXIM GLOBAL BERHAD ("MAXIM" or "the Company") - PROPOSED DISPOSAL OF 40% EQUITY INTERESTS IN PULAU INDAH POWER PLANT SDN BHD ("PIPP") TO WORLDWIDE HOLDINGS BERHAD ("PURCHASER" OR "WHB") FOR A TOTAL DISPOSAL CONSIDERATION OF RM70,000,000 ("PROPOSED PIPP DISPOSAL") - PROPOSED DISPOSAL OF 100% EQUITY INTERESTS IN TADMAX PMC SDN BHD ("TPMC") TO WORLDWIDE HOLDINGS BERHAD ("PURCHASER" OR "WHB") FOR A TOTAL DISPOSAL CONSIDERATION OF RM3,000,000 ("PROPOSED TPMC DISPOSAL")