1. INTRODUCTION

The Board of Directors of EHB ("the Board") wishes to announce that EXSIM Concepto Sdn. Bhd. ("ECSB"), a wholly-owned subsidiary of the Company, had on 25 June 2026 accepted the work order dated 25 June 2026 ("WO") awarded by EXSIM Aseania Sdn. Bhd. ("EASB") for the execution and completion of show units & sales gallery interior design work for proposed mixed development (Retails & AirBnB) at Lot 54, 134 & 1003, Jln Pantai Tengah, Bandar Padang Mat Sirat, Daerah Langkawi, Kedah Darul Aman ("Contract Works").

2. INFORMATION ON ECSB

ECSB was incorporated in Malaysia as a private company limited by shares having its registered address at No. D-09-02, Level 9, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.

The nature of business of ECSB is principally involved in providing specialised fit-out services for hospitality property assets, general contracting business and centralised procurement business.

3. INFORMATION ON EASB

EASB was incorporated in Malaysia as a private company limited by shares and having its business address at D-35-01, Level 35, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.

The nature of business of EASB is principally involved in carrying the business of property development.

4. DETAILS OF THE WO

(a) The contract sum for the Contract Works is RM2,492,227.58 (Ringgit Malaysia: Two Million Four Hundred Ninety-Two Thousand Two Hundred Twenty-Seven and Fifty-Eight Cents) only ("the Contract Sum").

(b) The date of commencement shall be on 7 September 2026 and is scheduled for completion on 28 February 2027, with a duration of five (5) months.

(c) The defect liability period shall be twelve (12) months from the date of completion.

(d) ECSB shall carry the Contract Works in accordance with the other supplementary terms and conditions set out in the WO.

5. FINANCIAL EFFECTS

The acceptance of the WO by ECSB to undertake the Contract Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Contract Works.

6. RISK FACTORS

The Company does not foresee any exceptional risk other than the normal operational risks associated with the WO and/or the Contract Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur.

7. APPROVAL REQUIRED

The acceptance of the WO is not subject to the approval from the Company's shareholders and/or any regulatory authorities.

8. DIRECTORS' AND MAJOR SHAREHOLDERS' AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER'S INTERESTS

The Contract Works is regarded as recurrent related party transactions of a revenue or trading nature ("RRPT") pursuant to Main Market Listing Requirements of Bursa Malaysia Securities Berhad of which renewal mandate to enter into such RRPT had been obtained from its shareholders at the Annual General Meeting of the Company held on 27 November 2025.

Mr. Lim Aik Hoe, Mr. Lim Aik Kiat, and Mr. Lim Aik Fu (collectively, the "Interested Major Shareholders") are major shareholders of the Company, holding a 72.56% indirect interest in EHB through their direct shareholding in EXSIM Hospitality Holdings Sdn. Bhd., pursuant to Section 8 of the Companies Act 2016.

Mr. Lim Aik Hoe and Mr. Lim Aik Kiat are also directors of EASB. The Interested Major Shareholders hold 70% indirect interest in EASB via their direct shareholding in EXSIM Development Sdn. Bhd., pursuant to Section 8 of the Companies Act 2016.

Save as disclosed above, none of the Directors, major shareholders of the Company, and/or persons connected to them has any interest, direct or indirect, in the Contract Works.

9. STATEMENT BY THE BOARD OF DIRECTORS

The Board, after having considered all aspects of the WO and the Contract Works, is of the opinion that the WO and the Contract Works are within the ordinary course of business of EHB and the acceptance of the WO is in the best interest of the Company.

This announcement is dated 25 June 2026.