Unless otherwise defined, all defined terms used in the announcement shall have the same meaning as defined in the company announcements dated 2 August 2016.

Reference made to the Company’s announcement dated 2 August 2016 in relation to the Master En-Bloc Purchase Agreement entered into between AES Builders Sdn. Bhd. (Company No.246369-T) (“AES”), with PR1MA and Mampan ESA (Melaka) Sdn. Bhd. (Company No. 1063513-P) to build and develop “PR1MA @ Sri Gading” at Alor Gajah, Melaka, comprising of 554 residential units with 5 apartment blocks of 11 storey each and 1 apartment block of 12 storey at a total contract value of approximately RM101,077,300 (“Project”).

The Board of Directors of OCR wishes to provide the following information:-

Information of AES

AES is a company in which Kita Mampan Sdn. Bhd.(“KMSB”), a 70% subsidiary of OCR, has a 49% equity interest. Hence, OCR has an effective interest of 34.3% in AES by virtue of its 70% equity interest in KMSB.

Details of the Project

Pursuant to the Project, AES will be appointed as the main contractor for the abovementioned construction Project. The scope of work shall include building and developing 5 apartment blocks of 11 storey each and 1 apartment block of 12 storey, comprising of 554 residential units in Alor Gajah, Melaka.

The said Project will be commenced on a date to be fixed by PR1MA in writing (“Project Commencement Date”) and to be completed within 36 months of the Project Commencement Date.

There is no financial commitment by OCR to AES on the said Project. AES will source its own financing for the Project while OCR will provide technical support such as consultation on the said Project to AES as and when it required in view of the vast experience in development of projects by OCR.

The gross development costs of the said Project for AES is approximately RM83 million.

Profit Entitlement

OCR’s profit entitlement is calculated based on its equity interest held in AES, which is at 34.3% effective interest. The estimated profit attributable to OCR from the said Project is approximately RM6.174 million over the construction period.

This announcement is dated 4 August 2016.