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 deficit of an aggregate amount of RM1.183 million in the consolidated financial statements of JHB for the quarter ended 31 July 2021.

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 RM79.520 million with a decremental amount of RM1.183 million during the quarter ended 31 July 2021. This has resulted in a decrease of approximately 0.1 sen in the net asset per share of JHB to 21.60 sen as at 31 July 2021.

5. Documents Available for Inspection

The valuation reports of the Properties are available for inspection at the Registered Office of the Company located at 11th Floor, Wisma E&C, No. 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 30 September 2021.