Pursuant to Rule 10.09(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of JAYCORP wishes to announce that a 60% joint venture company of the Company, Honsoar Jaycorp Cabinetry Sdn Bhd (“HJCSB”) had in the ordinary course of business entered into recurrent related party transactions of a revenue and/or trading nature (“RRPT”) with Shandong Honsoar Cabinetry Co. Ltd. (“SHCCL”).

The aggregate value of the RRPT during the period from 28 December 2021 (the date where the first invoice issued by SHCCL to HJCSB) to 8 March 2022 had exceeded the threshold of Rule 10.09(1).

Please refer to the attachment for the details of this announcement.

This announcement is dated 8 March 2022.