On behalf of the Board of Directors of Johan ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") is pleased to announce that Prestige Ceramics Sdn Bhd ("PCSB"), a wholly-owned subsidiary company of Johan had on 27 November 2019, entered into a conditional sale and purchase agreement with Aspect Potential Sdn Bhd (the "Purchaser") for the disposal of a piece of freehold land measuring approximately 112,396 square metres, held under GRN 150651, Lot No. 1115, Batu 15, Jalan Puchong, 47100 Puchong, Selangor Darul Ehsan to the Purchaser, for a total disposal consideration of RM127,000,000 to be satisfied via a combination of cash and payments in kind ("Proposed Disposal").

Further details of the Proposed Disposal are set out in the enclosed attachment.

This announcement is dated 27 November 2019.