KUALA LUMPUR, MALAYSIA - MediaOutReach - 8 February 2021 - Accelerating its digital agenda, KenangaInvestment Bank Berhad via its wholly-ownedprivate equity arm, Kenanga Private Equity Sdn Bhd, today enteredinto a conditional agreement to acquire 19.0% equity interest in TokenizeTechnology (M) Sdn Bhd (Tokenize Malaysia).

Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad

Operating under the brand, Tokenize Xchange, it is one of the three licensedDigital Asset Exchanges (DAX) by the Securities Commission of Malaysia (SC),and is currently the second largest DAX in the country by traded marketshare. Tokenize Xchange is an online exchange that allows trading ofcryptocurrencies (crypto) such as Bitcoin and Ethereum, and operates 24X7,whole year round.

"We have been building a digital ecosystem to offer our customers a widespectrum of financial products and services, including digital assets. Theemergence of digital assets including cryptocurrencies have been gainingacceptance globally in the last few years. While we are keen on crypto as anasset class, we are aware of the volatility and the proliferation of unregulatedplayers in the market. We are therefore very pleased to be given theopportunity to invest in one of the three licensed digital asset exchanges inMalaysia. We applaud the Securities Commission as one of the first in Asia tointroduce regulations in this area," said Datuk Chay Wai Leong, Group ManagingDirector of Kenanga Investment Bank Berhad.

Tokenize Xchange was initially launched in Singapore by tech savvy founderHong Qi Yu in 2018 and it has since captured a customer base of over 100,000.

Hong had later on set up Tokenize Malaysia to focus on the Malaysiamarket. In June 2019, Tokenize Malaysia was awarded a Recognized MarketOperator (RMO) license to operate by SC and its platform, Tokenize Xchange, wentlive on 1 April 2020.

"Our interest in digital assets goes beyond Bitcoin and other commonlytraded cryptocurrencies. We believe that the technology behind digital assetsis very powerful and the emergence of digital assets in the future isinevitable. We are hopeful that fund raising through the tokenization of businessesand assets will be a significant part of the capital markets in the future forMalaysia. We believe that through Tokenize Malaysia wecan be a key player in the digital capital market space in Malaysia," he added.

"We are very pleased to welcome onboard, Kenanga Investment Bank Berhad,one of the leading investment banks in Malaysia, as a key investor. Thecombined reach, expertise and resources is game-changing and will allow us toscale our presence in Malaysia. Together we will shape the digital assetlandscape and build an exciting path forward for investors in the country,"remarked Hong Qi Yu, Chief Executive Officer, Tokenize Malaysia.

Currently, the market capitalisation of the global crypto market standsat USD1.007 trillion*, a spike of three folds from four months ago. Relative tothe global equity market capitalisation which is estimated to be nearly in thehundred trillion worth, there is still ample upside to the crypto market.

This investment in Tokenize Malaysia adds to the line-up of digitalinitiatives Kenanga Investment Bank has embarked on over recent years. Thisincludes the successful joint-venture, with Japan based Rakuten Inc, tointroduce the first fully online stock trading platform in Malaysia, RakutenTrade, which has since seen remarkable record volume growth.

It also recently acquired a stake in Merchantrade Asia Sdn Bhd(Merchantrade), Malaysia's leading e-money player and the country's largestMoney Services Business operator, following Kenanga's recent collaboration withthem to introduce Malaysia's first stockbroker e-wallet, Kenanga Money. Kenangahas also announced a partnership with award-winning digital supply chainfinancing company, Bay Group Holdings Sdn Bhd, to transform the traditionalfactoring market in Malaysia.  In the pipelinethis year is the rollout of a robo-advisory platform that will automateinvestment portfolio for clients, taking another step closer towards thecreation of a robust ecosystem that provides complete and forward-facingfinancial solutions to our customers.

For more information on Kenanga Investment Bank Behad,please visit www.kenanga.com.my, andfor more on Tokenize Malaysia, www.tokenizemalaysia.com

*as of 2-Feb-21, according to coinmarketcap.com

About Kenanga Investment Bank Berhad 197301002193 (15678-H)

Established for more than 45 years,Kenanga Investment Bank Berhad  (the Group) is a leading financial groupin Malaysia with extensive experience in equity broking, investment banking,treasury, Islamic banking, listed derivatives, investment management, wealthmanagement, structured lending and trade financing. Today, it is anaward-winning leading independent investment bank in the country with a continuouscommitment towards driving collaboration, innovation and digitalisation in themarketplace.

Kenanga Investment Bank Berhad is thelargest independent investment bank* in Malaysia by equity trading volume andvalue, as well as, one of the top brokerage houses with the largest network ofremisiers. Its fast-growing client base enjoys convenience through more than 30locations throughout Malaysia.

The Group has garnered a host of awardsand accolades reflecting its strong market position. It was awarded under thecategories of Best Overall Equities Participating Organisation by BursaMalaysia, Best Retail Equities Participating Organisation, Best InstitutionalEquities Participating Organisation; along with Best Trading Participant Equityand Financial Derivatives for 17 consecutive years. The Group was also accordedthe title of Best Institutional Derivatives Trading category by Bursa Malaysia.

The Group continues to be a regular andrepeat recipient of distinguished industry accolades, such as the Lipper,Fundsupermart and Morningstar awards. For its continued efforts towardscommunity outreach and employee volunteerism, the Group was awarded the covetedcompany of the year award for environmental awareness and sustainability at theSustainability & CSR Malaysia Awards 2020.

* year to date based on Bursa Malaysia'sParticipating Organisations (POs) Trading Summary.