The Board of Directors of Fajarbaru Builder Group Bhd ("FBG" or "Company") is pleased to announce that Fajarbaru Builder Sdn. Bhd. (“FBSB”), a wholly owned subsidiary of FBG, has accepted a Letter of Award dated 19 August 2019 issued by Knusford Construction Sdn. Bhd. (“KCSB”), a wholly owned subsidiary of Knusford Berhad, in respect of the Construction and Completion Bridge Structure Works Interchange No. 5 (Ramp 5F) at Section 4 (Setiawangsa to Melati) of Setiawangsa – Pantai Expressway (SPE) – Duke Phase 3 Section 4 – Setiawangsa to Melati (“Contract”).

The Contract sum is Ringgit Malaysia One Million Sixty Six Thousand Three Hundred Nineteen and Cents Seventy One Only (RM1,066,319.71).

The Contract period is Twelve (12) weeks from the commencement date.

The Contract will have no material effect on the share capital and substantial shareholders’ shareholding of FBG.

The Contract is expected to contribute positively to the earnings and net assets of the Group for the financial year ending 30 June 2020.

None of the Directors and Substantial Shareholders, persons connected to the Directors or Substantial Shareholders of the Company and its subsidiaries or persons connected thereto have any interest, direct or indirect in the Contract.

The Directors of the Company are of the opinion that the Contract is in the best interest of the Group.

This announcement is dated 28 August 2019.