The Board of Directors of Binastra Corporation Berhad wishes to announce that its wholly-owned subsidiary, Binastra Builders Sdn Bhd has on 21 August 2025 accepted a letter of award for Earthworks, Piling, Pile Cap and Diaphragm Wall Works amounting to RM132,000,000.00 from Exsim Lumba Kuda Sdn Bhd in respect of a proposed development of 63-storey serviced apartment (4,525 units) which includes:

Phase 1:

I) 14-storey podium

Phase 2:

I) Tower A: 49-storey serviced apartment (908 units)

Phase 3:

I) Tower B: 46-storey serviced apartment (1,257 units)

Phase 4:

I) Tower C: 46-storey serviced apartment (833 units)

Phase 5:

I) Tower D: 46-storey serviced apartment (1,527 units)

on Lot 912 and Lot 913, Jalan Ah Siang, Johor Bahru Town, Daerah Johor Bahru, Johor Darul Ta’zim.

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

This announcement is dated 21 August 2025.