YONG TAI BERHAD ("YTB" OR "COMPANY")

PROPOSED ACQUISITION OF A LEASEHOLD LAND MEASURING APPROXIMATELY 57,171 SQUARE METERS AND HELD UNDER PN 65473, LOT 15017, KAWAN BANDAR XLIV, DAERAH MELAKA TENGAH, NEGERI MELAKA AT IMPRESSION CITY ("PLOT 1A LAND")

We refer to your Company's announcement dated 6 January 2023, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad with the following additional information for public release:-

1. To disclose the events/ circumstances leading to the amendments of the terms and conditions of the JDA.

2. To clarify if the Proposed Acquisition of Plot 1A Land is related to the previously announced option granted by the Landowners to accord YTBI and/or its nominees the flexibility to exercise its rights to acquire up to 25 acres of the Melaka JV Land at the sole discretion of YTBI.

3. For the Information on Landowner 1, to provide the following:

(a) To state the ownership of the remaining 49% in Landowner 1.

(b) To provide details of GJH Prestige Sdn Bhd including the directors and substantial

shareholders together with their respective direct and/or indirect shareholdings.

(c) To state the direct and/or indirect shareholdings of the directors of Landowner 1, if any.

4. To clarify if the sole and exclusive rights and entitlements granted to YTBI in 2016 to develop the Melaka JV Land is affected by the Revised Arrangement and to disclose the impact to the YTB Group, if any.

5. To disclose Clauses 2 to 16 of the JDA for the knowledge of your shareholders.

6. To state clearly the total amount payable to YTBI pursuant to its obligation under the JDA and the remaining outstanding amount which has yet to be paid after deducting the Total Sum of RM35,191,068.

7. To indicate when YTBI intends to submit the application to the EPU and the estimated timeline to procure the approval.

8. Based on the announcement dated 26 October 2015, the Landowners agreed to grant YTBI the sole and exclusive rights and entitlements to develop the Melaka JV Land, whereby the proposed Master Development was expected to be completed by 2023 (i.e. 8 years from 2015). In this regard, please update if the Master Development is progressing on track as planned. Otherwise please provide the reason(s) for any delay encountered to the project. Please also disclose the new completion date expected for the Master Development.

9. To quantify the amount of monthly instalments payable by YTBI and the cost savings arising from the Supplemental Agreement.

10. To provide the current stage of completion, estimated date of completion, GDV and GDC of the development of Terra Square.

11. To explain why there is a need to re-design the Terra Square development and how the Group intends to look for new potential investors.

12. To quantify the amount of capital outlay required and the total costs which have been incurred by YTB Group to date.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

Listing

Regulation

cc:-   Market Surveillance, Securities Commission