Reference is made to the Company's announcements dated 28 June 2024 and 04 February 2025 ("Announcements"), unless otherwise stated, the terms used herein shall have the same meaning defined in the Announcements.

The Board of Directors of the Company wishes to announce that SPSB and RBSB have entered into a Letter of Variation dated 24 August 2026 ("Letter of Variation") to vary certain terms of the Joint Venture Agreement dated 28 June 2024.

Pursuant to the Letter of Variation, the amendments are as follows:-

1. Clause 2.2 (a) of the Agreement shall be deleted in its entirety and replaced with the following: 

    A monthly payment of Ringgit Malaysia Forty-Five Thousand (RM45,000.00) for the period from August 2024 to June 2025 has been paid to Landowner. The remaining installments, July 2025 until September 2025, 

    shall be paid on month of July 2026 until September 2026. 

2. Clause 2.2 (b) of the Agreement shall be deleted in its entirety and replaced with the following: 

    The Developer shall redeem the loan in full from Al-Rajhi Banking & Investment Corporation (Malaysia) Bhd. at an estimated sum of Ringgit Malaysia Seven Million Four Hundred Thousand (RM7,400,000.00) by 

    March 2027. This will treat as part of the payment of the Consideration to the Landowner. 

Save for the amendments set out in the Letter of Variation, all other terms and conditions of the Agreement shall remain in full force and effect. 

This announcement is dated 24 August 2026.