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The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the HOA.

We refer to the earlier announcement dated 13 May 2022 in relation to the HOA.

The Board wishes to announce that Knusford and IWCB, had, on 3 November 2022, mutually agreed to extend the Expiry Date of the HOA for an additional period of six (6) months, commencing from 13 August 2022 until 12 February 2023, subject to any further extension as may be mutually agreed upon by the parties in writing ("Extension"). The Extension will afford the parties more time to finalise the terms and conditions of the Definitive Agreement for the sale and purchase of all that parcel of freehold land held under Geran Hakmilik No. 90585, Lot No. 733, located in the Mukim of Pulai, District of Johor Bahru, State of Johor.

Save for the above, all other terms in the HOA dated 13 May 2022 shall remain unchanged and in full force, and continue to take effect and be binding on the parties to the HOA.

This announcement is dated 3 November 2022.