On behalf of the Board of Directors of CHHB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that on 6 October 2021:

1. CHHB and Mines Holdings Sdn Bhd (“MHSB”), a wholly-owned subsidiary of CHHB, had entered into a heads of agreement (“HOA”) with Country Heights Venture Sdn Bhd (“CHVSB”) for the proposed acquisition of 800,000 ordinary shares representing 29.63% equity interest in Country Heights Health Tourism Sdn Bhd (“CHHTSB”) (“CHHTSB Sale Shares”) by MHSB, for an indicative purchase consideration of RM6.0 million (“CHHTSB Purchase Consideration”) (“CHHTSB HOA”) (“Proposed CHHTSB Acquisition”); (CHHB, MHSB and CHVSB collectively referred to as “CHHTSB Parties”)
2. CHHB had entered into a HOA with Fresh Avenue Sdn Bhd (“FASB”), for the proposed acquisition of 9th and 10th Floor of Block A of The Mines Waterfront Business Park @ The Mines Resort City, No. 3 Jalan Tasik, The Mines Resort City, 43300 Seri Kembangan, Selangor Darul Ehsan with a total area of approximately 22,500 square feet and a total net lettable area of approximately 21,994 square feet (“Office Units”) on an “as-is-where-is” basis together with all the existing fixtures and fittings in the Office Units free from all encumbrances and with vacant possession, for an indicative purchase consideration of RM12.0 million (“Office Units Purchase Consideration”) (“Office Units HOA”) (“Proposed Office Units Acquisition”); (CHHB and FASB collectively referred to as “Office Units Parties”)
3. CHHB had entered into a HOA with Bee Garden Holdings Sdn Bhd (“BGHSB”) for the proposed acquisition of a parcel of land measuring approximately 5.62 acres held under Geran 222300, Lot 21748, Daerah Ulu Langat, Bandar Country Heights, Negeri Selangor (“BGHSB Land”) for an indicative purchase consideration of RM42.0 million (“BGHSB Land Purchase Consideration”) (“BGHSB Land HOA”) (“Proposed BGHSB Land Acquisition”); (CHHB and BGHSB collectively referred to as “BGHSB Land Parties”)
4. CHHB had entered into a HOA with Castlepark Sdn Bhd (“CSB”) for the proposed acquisition of a parcel of land measuring approximately 2.82 acres held under Geran Mukim 9, Lot 1060, Daerah Hulu Langat, Mukim Kajang, Negeri Selangor (“CSB Land”) for an indicative purchase consideration of RM21.0 million (“CSB Land Purchase Consideration”) (“CSB Land HOA”) (“Proposed CSB Land Acquisition”); (CHHB and CSB collectively referred to as “CSB Land Parties”)
5. CHHB had entered into a HOA with Mines Wonderland Sdn Bhd (“MWSB”) for the proposed acquisition of a parcel of waterfront development land measuring 37.98 acres held under HSD 59891, Lot PT16719, Mukim and District of Petaling, Selangor (“Waterfront Land”), for an indicative purchase consideration of RM400.0 million (“Waterfront Land Purchase Consideration”) (“Waterfront Land HOA”) (“Proposed Waterfront Land Acquisition”); and (CHHB and MWSB collectively referred to as “Waterfront Land Parties”)
6. CHHB had entered into a HOA with Mines Resort Sdn Bhd (in liquidation) (“MRSB”) for the proposed acquisition of a portion of leasehold land measuring 4.325 acres of a total 7.244 acres held under PT1234, HSD 283989 in Pekan Baru Sungei Besi, Daerah Petaling, Negeri Selangor (on which 4 blocks of service apartments will be developed and identified as phase 2 of Dream City (“DC Phase 2”)) together with all infrastructure and all rights and interests in the joint development for DC Phase 2 (“DC Phase 2 Land”), for an indicative purchase consideration of RM73.0 million (“DC Phase 2 Purchase Consideration”) on an “as-is-where-is” basis, free from all encumbrances and with vacant possession (“DC Phase 2 HOA”) (“Proposed DC Phase 2 Acquisition”). (CHHB and MRSB collectively referred to as “DC Phase 2 Parties”)

(CHHTSB HOA, Office Units HOA, BGHSB Land HOA, CSB Land HOA, Waterfront Land HOA and DC Phase 2 HOA shall hereinafter be collectively referred to as “Acquisition HOA”)

(Proposed CHHTSB Acquisition, Proposed Office Units Acquisition, Proposed BGHSB Land Acquisition, Proposed CSB Land Acquisition, Proposed Waterfront Land Acquisition and Proposed DC Phase 2 Acquisition shall hereinafter be collectively referred to as “Proposed Acquisitions”)

(CHHTSB Parties, Office Units Parties, BGHSB Land Parties, CSB Land Parties, Waterfront Land Parties and DC Phase 2 Parties shall hereinafter be collectively referred to as “Parties”)

Pursuant to the Acquisition HOA, the Parties and any other relevant parties to be identified by the Parties, shall enter into definitive agreement(s) for the Proposed Acquisitions (“Definitive Agreement(s)”) in due course or such other extended date to be mutually agreed between the Parties.

A detailed announcement as required under the Listing Requirements of Bursa Malaysia Securities Berhad on the Proposed Acquisitions will be made upon finalisation of the terms and conditions and execution of the Definitive Agreement(s).

Further details are set out in the attachment.

This announcement is dated 6 October 2021.