On behalf of the Board of Directors of Johan ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") wishes to announce that the Company proposes to undertake the private placement of up to 218,031,900 new Johan Shares ("Placement Share(s)"), representing up to approximately 35% of the total number of Johan Shares, to the following parties:-

i. Mustika Manis Sdn Bhd of up to 81,460,487 Placement Shares and Kurnia Menang Sdn Bhd of up to 74,276,613 Placement Shares, at an issue price of RM0.063 per Placement Share; and

ii. Third-party investor(s), who qualify under Schedules 6 and 7 of the Capital Markets and Services Act 2007, to be identified at a later stage of up to 62,294,800 Placement Shares, at an issue price to be determined later,

("Proposed Private Placement").

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

This announcement is dated 6 July 2020.