With reference to the Company's announcement dated 6th December 2019 and the query letter from Bursa Malaysia Berhad dated 10th December 2019, the Board of Directors of KTB is pleased to provide the following additional information for public release:-

1. The method of valuation carried out on the Property.

The total cash consideration for the Disposal was arrived on a willing buyer willing seller basis after taking into consideration the valuation by an independent valuer. The market value of the Property is RM1,060,000.00 as appraised by Messrs. D.Henry Valuers Realtors, a registered independent valuer on 19 May 2019. The market value method was applied by the said valuer for the valuation of the Property. 

2. Any liabilities, including contingent liabilities, in relation to the Disposal which remain with KTB, together with the details and justification for such arrangement.

There is no liabilities, including contingent liabilities which remain with KTB pursuant to the Disposal.

3. Any guarantees given by KTB to MHSB.

There is no guarantee given by KTB to MHSB pursuant to the Disposal.

4. The names of MHSB's directors and substantial shareholders together with their respective direct and/or indirect shareholding

MHSB is a wholly-owned subsidiary of Nadicorp Holdings Sdn Bhd ("NHSB") and thus NHSB is the direct shareholder of 4,000,002 ordinary shares of RM1.00 in MHSB which have been duly issued and paid-up.

 The directors of MHSB are as follows:-

a. YBhg Tan Sri Mohd Nadzmi Mohd Salleh;

b. Encik Muhammad Hariz Mohd Nadzmi; and

c. Mr Tan Swee Hock.

YBhg Tan Sri Mohd Nadzmi Mohd Salleh is the Executive Chairman of NHSB and also the Chairman and Managing Director of KTB and the Director of Kumpulan Kenderaan Malaysia Berhad ("KKMB"). KKMB is a wholly-owned subsidiary NHSB and is the major shareholder of KTB with an 26.76% equity stakes as at 30 June 2019. NHSB is also a substantial shareholder of KTB with a 25.02% equity stakes as at 30 June 2019. NHSB is wholly-owned by Nadi Corporation Sdn Bhd ("NCSB") and YBhg Tan Sri Mohd Nadzmi Mohd Salleh holds 100% equity stakes in NHSB via his shareholding in NCSB. MHSB in turn is a wholly-owned subsidiary of NHSB. The other directors have no direct or indirect shareholding in MHSB or KTB.

This announcement is dated 16 December 2019.