1. Introduction

Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors (“the Board”) of JHB wishes to announce that the Board has approved the incorporation of the revaluation surplus of an aggregate amount of RM1.176 million in the consolidated financial statements of JHB for the fourth quarter ended 31 January 2020.

2. Purpose of the Valuation

The purpose of the valuation is to ascertain the fair value of the landed properties (“the Properties”) in JHB Group for accounting purposes pursuant to the Malaysian Financial Reporting Standard (“MFRS”) 116: Property, Plant and Equipment.

3. Details of the Properties and Valuation

Please refer to the Appendix A as attached.

4. Effect on the Net Assets Per Share

The total value placed on the Properties by the valuers is RM169.006 million with an incremental amount of RM1.176 million during the fourth quarter. This has resulted in an increase of approximately 0.19 sen in the net asset per share of JHB to 10.53 sen as at 31 January 2020.

5. Documents Available for Inspection

The valuation reports of the Properties are available for inspection at the Registered Office ofthe Company located at 11th Floor, Wisma E&C, 2 Lorong Dungun Kiri, Damansara Heights, 50490 Kuala Lumpur during normal office hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 24 March 2020.