The Board of LBS Bina Group Berhad (“LBS” or “Company”) wishes to inform that Leaptec Engineering Sdn. Bhd. (“LESB”), a 70%-owned subsidiary of Galeri Cekap Sdn. Bhd. (“GCSB”), which in turn is an indirect wholly-owned subsidiary of the Company has on 8 April 2021 signed a Reclamation and Development Agreement (“RDA”) with The State Government of Melaka (“State Government”) for the reclamation and development of the reclaimed land into an industry hub with port facilities which includes logistic and warehouse, manufacturing, Liquified Natural Gas, port related business and such other development or economic activities measuring approximately 1,200 acres (“Approved Reclamation Area”) located at Tanjung Bruas, Bandar XLV, Daerah Melaka Tengah, Melaka (“Proposal”).

Further details of the Proposal are set out in the attachment below.

This announcement is dated 8 April 2021