Reference is made to the announcements dated 28 December 2010, 30 December 2010, 19 December 2011, 9 December 2013, 22 December 2015, 22 December 2016, 22 December 2017 and 24 January 2019 in relation to the loan (the "Loan") from Tan Sri Lee Kim Tiong @ Lee Kim Yew (the "Lender").

The Board noted the following:

1. On 22 December 2010, the Company entered into a Loan Agreement with the Lender to extend an interest-free loan of RM84,451,795.46 to the Company for a period of 12 months.

2. The Company had entered into an Extension of Loan Agreement dated 19 December 2011 with the Lender to extend the tenure of the Loan for an additional 24 months from 21 December 2011 to 21 December 2013. Subsequently, the tenure of the Loan was further extended as follows:

• for another 24 months from 21 December 2013 to 21 December 2015;
• for another 12 months from 21 December 2015 to 21 December 2016;
• for another 12 months from 21 December 2016 to 21 December 2017;
• for another 13 months from 21 December 2017 to 21 January 2019; and
• for another 12 months from 21 January 2019 to 21 January 2020.

All the above extensions of time for the Loan were without any loan interest.

3. As at 21 January 2020, the total amount owing to the Lender is RM92,846,895.65.

4. The Lender had been personally sued by Maybank for the amount owing by Cenmal Commercial Sdn Bhd, a company owned by the Lender. Subsequent to the said legal suit, the Lender intends to recall and use the Loan lent to CHHB to repay Maybank.

CHHB wishes to announce that on 21 January 2020, CHHB and the Lender had mutually agreed to discontinue the extension of the tenure of the Loan and CHHB shall repay the Lender the outstanding loan balance due to him in full upon the expiry of the last extension date of the Loan, which falls on 21 January 2020.

This announcement is dated 21 January 2020.