Reply to Query

We refer to your Company’s announcement dated 5 July 2022, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1.       Whether the encumbrances charged to CIMB Bank Berhad will be removed prior to completion of the Proposed Acquisition.

2.       Whether Klangcapital Development Sdn Bhd has entered into a separate agreement with FESB and if yes, the details of such agreement.

3.       The justification of the premium of RM188,888 or approximately 4.02% of the purchase consideration over the valuation accorded by the Valuers.

4.       The date the earnest deposit was paid and the date(s)/expected date(s) of payments of the balance deposit of RM244,444.40 and Balance Sum respectively.

5.       The conditions precedents to be fulfilled within 3 months from the date of execution of the SPA.

6.       To make available for inspection the valuation report, and the time and place where the valuation report may be inspected.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

LISTING

REGULATION

copy : Market Surveillance Dept. , Securities Commission (via fax)