K-STAR SPORTS LIMITED ( K-STAR OR THE COMPANY ) PROPOSED CAPITAL REDUCTION The Board of Directors of K-STAR wishes to announce that the sole resolution tabled at the Company s Extraordinary General Meeting ( EGM ) held today as per Notice of the EGM dated 5 June 2018, was duly approved by the shareholders. The resolution was voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. The details of the results of the poll are set out in the attachment. This announcement is dated 27 June 2018.