1.0   Introduction

We are pleased to announce that Crest Builder Sdn Bhd, a wholly owned subsidiary of Crest Builder Holdings Berhad ("Crest Builder" or the "Company") has been awarded a contract by Allevia Sdn Bhd for the Execution and Completion of 2 blocks of condominium with car park podium at Lot 1597, Jalan Kiara 4, Mukim Batu, Kuala Lumpur for a contract sum of RM 192.07million (the "Contract").

2.0   Duration of The Contract

The contract period set out in the letter of acceptance is thirty-five months (35) from 1 December 2021 to 31 October 2024.

3.0   Share Capital and Substantial Shareholder's Shareholdings

The Contract will not have any effect on the issued and paid-up share capital of Crest Builder and on the substantial shareholder's shareholdings of Crest Builder.

4.0   Earnings and Net Tangible Assets ("NTA")

The Contract is expected to contribute positively to the earnings of the Group for the financial years ending 31 December 2021 and onwards.

5.0   Director's and Substantial Shareholder's Interest

As far as the Directors of the Company are aware, none of the Directors and/or substantial shareholders of Crest Builder and/or any persons connected to the Directors and substantial shareholders of Crest Builder have any interest, direct or indirect in the Contract.

6.0   Statement by The Directors

The Directors of the Company are of the opinion that the acceptance of the Contract is in the best interest of the Company.

This announcement is dated 7 October 2021.