We refer to the circular to shareholders of AME dated 26 April 2022 (“Circular”). Unless otherwise stated, words and phrases used in this announcement shall have the same meaning as defined in the Circular.

On behalf of the Board, HLIB wishes to announce the following:

(i) the Vendors, being the subsidiaries of AME, had on 19 July 2022 entered into 34 SPAs with RHB Trustee Berhad (acting on behalf of AME REIT) for the Proposed Disposals of the Subject Properties; and

(ii) updates on the dormitories in respect to the receipt of CCC for Plot 13 Dorm Indahpura, bed count capacity for the dormitories (“Updates”) and impact to the market valuation of these Updates.

Further details are as set out in the attachment below.

This announcement is dated 19 July 2022.