(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 29 July 2020 in relation to the execution of five non-binding heads of agreements, where applicable, unless stated otherwise or defined herein.)

Reference is made to the announcement dated 29 July 2020 in relation to the execution of five non-binding heads of agreements.

The Board of Directors of VHB wishes to announce that the Company and the following parties (“Parties”) have on 27 October 2020, by way of signing the extension agreements (“Extension Agreements”), mutually agreed to extend the period for execution of definite agreements, referred to Clause 4.1 of which a definite agreement shall be executed within three months or such date as may be agreed upon between the Parties, to 31 January 2021.

1. Head of Agreement ("HOA") between the Company and Barisan Tenaga Perancang (M) Sdn. Bhd.
2. HOA between the Company and Dato’ Ng Aun Hooi and Bee Jian Ming
3. HOA between the Company and S Wira Development Sdn. Bhd.
4. HOA between the Company and Dato’ Ng Aun Hooi
5. HOA between the Company and Dato’ Ng Aun Hooi, Ting Hing Khok and Ng Kok Kiang

The Extension Agreements will be made available for inspection at the Registered Office of VHB at No. 2-1, Jalan Sri Hartamas 8, Sri Hartamas, 50480 Kuala Lumpur, Wilayah Persekutuan (KL) during normal office hours from Mondays to Fridays (except public holidays) for a period of three months from the date of this announcement.

This announcement is dated 27 October 2020.