Reference to be made on the announcement dated 1 September 2020, below are the additional information pertaining to the Conditions Precedent (CP) for the Definitive Contract and the Retained Deposit as stipulated in the Term Sheet as requested by Bursa Malaysia Securities Berhad:

1. Conditions Precedent (CP) for the Definitive Contract

YHS is responsible and has the right to carry out any further activities, including the right to mine and right to access the Land upon the fulfilment of the following CPs and subject to the Standard Operating Procedures on Bauxite Mining Activities (“SOP”) as follows:

DRP having obtained the necessary access and approval from the relevant authorities, bodies or parties but not limited to the following authorities/bodies or parties, to carry out any ingress and egress activities on the land severed for the compulsory land acquisition activities, for the ECRL project, to carry out any mining activities:

1. Malaysia Rail Link Sdn Bhd (MRL);
2. China Communications Construction Company (M) Sdn Bhd (CCCC); and
3. Department of Director General of Lands and Mines (JKPTG).

2. Retained Deposit

YHS agrees that DRP shall be entitled to retain the refundable deposit of RM5,000,000.00 (“Retained Deposit”) effective on 1 September 2020 until the expiry of the Term Sheet and/or the Definitive Contract, whichever comes first.

The Company will announce upon the execution of the Definitive Contract and/or any material development arising from the above matter at the appropriate time in accordance with the relevant Paragraph under Bursa Malaysia Listing Requirements.

This announcement is dated 3 September 2020.