Reference is made to the disclosures of the Company's joint venture of the Company's Klang Properties in the Company's Fourth Quarterly Report for the financial period ended 30 June 2016 and Annual Report 2016 which were announced on 30 August 2016 and 31 October 2016 respectively, and the announcements dated 22 June 2017, 25 July 2017, 16 August 2017, 27 September 2017, 13 October 2017, 23 February 2018 and 17 April 2018. The term herein shall bear the same meaning as defined in the said disclosures and announcements.

The Board of Directors of the Company is pleased to announce and provide information and update and details on the status of the Company's Joint Venture of the Company's Klang Properties.

Pursuant to a Consortium Agreement dated 26 March 2010 ("Consortium Agreement"), the Company, Prosper Commodity Group Sdn Bhd ("PCGSB") and Runding Waja Sdn Bhd ("RWSB") (deemed as an original party to the Consortium Agreement by way of a Novation Agreement dated 3 June 2010) (collectively "the Consortium Parties") agreed to enter into a joint venture to commercially exploit the land for the development of Private Financial Initiative ("PFI") project in the usual course of land development business ("the J/V") with regards to the following 7 pieces of land:-

(i)         Geran 27917 Lot No. 48, Mukim Kapar, Daerah Kelang, Negeri Selangor;

(ii)        HS(D) 97332 PT 25008, Mukim Kapar, Daerah Klang, Negeri Selangor;

(iii)       HS(D) 97333 PT 50718, Mukim Kapar, Daerah Klang, Negeri Selangor;

(iv)       Geran 27973 Lot No. 2596, Mukim Kapar, Daerah Kelang, Negeri Selangor;

(v)        Geran 27974 Lot No. 2597, Mukim Kapar, Daerah Kelang, Negeri Selangor;

(vi)       Geran 27975 Lot No. 2615, Mukim Kapar, Daerah Kelang, Negeri Selangor; and

(vii)      Geran 27976 Lot No. 2616, Mukim Kapar, Daerah Kelang, Negeri Selangor.

(collectively "the Said Lands").

Please refer to the attached file for the details of the announcement.

This announcement is dated 28 May 2018.