Further to our announcements on 27 May 2021 and 30 May 2022, the Board of Directors of Comintel Corporation Bhd wishes to announce that its wholly-owned subsidiary, Binastra Builders Sdn Bhd (formerly known as Total Package Work Sdn Bhd) has on 31 July 2023 accepted a revised letter of award for sub-contract for the construction and completion of concrete RC frame work, architectural & infrastructure works in respect of a development project comprising of 5 blocks of affordable apartments under “Satu Anggota Satu Rumah” housing scheme located at PT 50021 (previously Lot 36191), Jalan Tasik Selatan, Mukim Petaling, Kuala Lumpur for a contract sum of RM260,000,000.00, revised from RM122,600,000.00.

Details of the announcement are set out in the file attached.

This announcement is dated 31 July 2023.