Pursuant to Paragraph 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of PJD wishes to announce that PJDCI Co., Ltd. and PJDC Co., Ltd. have today ceased to be indirect subsidiaries of PJD, following the disposal of the entire equity interest in PJDCI Co., Ltd. and PJDC Co., Ltd. with details as follows:-

1. PJDCI Co., Ltd.

a) 242,500 ordinary shares of THB10.00 each representing 99% of the issued share capital of PJDCI Co., Ltd. held by PJDC International Sdn. Bhd. for a cash consideration of THB100.00 to Mr. Khisada Vachira-angsana.

2. PJDC Co., Ltd.

a) 1,818,750 ordinary shares of THB10.00 each representing 48.5% of the issued share capital of PJDC Co., Ltd. held by PJDC International Sdn. Bhd. for a cash consideration of THB100.00 to Mr. Khisada Vachira-angsana;

b) 1,837,506 ordinary shares of THB10.00 each representing 49.0% of the issued share capital of PJDC Co., Ltd. held by PJDCI Co., Ltd. for a cash consideration of THB100.00 to Mr. Khisada Vachira-angsana;

c) 37,500 ordinary shares of THB10.00 each representing 1.0% of the issued share capital of PJDC Co., Ltd. held by PJDCI Co., Ltd. for a cash consideration of THB10.00 to Mr. Wanchai Huadsawat; and

d) 37,500 ordinary shares of THB10.00 each representing 1.0% of the issued share capital of PJDC Co., Ltd. held by PJDCI Co., Ltd. for a cash consideration of THB10.00 to Mr. Boonthum Mungkun.

(collectively referred to as “Disposals”)

Following the Disposals, PJDCI Co., Ltd. and PJDC Co., Ltd. ceased to be indirect subsidiaries of PJD.

Information on PJDCI Co., Ltd.

PJDCI Co., Ltd. is a company incorporated in Thailand with a paid-up capital of THB2,450,000 divided into 245,000 shares of THB10.00 each. The principal activity of PJDCI Co., Ltd. is investment holding.

PJDCI Co., Ltd. is a subsidiary of PJDC International Sdn. Bhd., which in turn is a wholly-owned subsidiary of PJD Construction Sdn. Bhd. (“PJDC”). PJDC is a wholly-owned subsidiary of PJD. Accordingly, PJD has a 99% effective equity interest in PJDCI Co., Ltd.

Information on PJDC Co., Ltd.

PJDC Co., Ltd. is a company incorporated in Thailand with a paid-up capital of THB37,500,000.00 divided into 3,750,000 shares of THB10.00 each. The principal activity of PJDC Co., Ltd. is construction.

PJDC Co., Ltd. is a subsidiary of PJDCI Co., Ltd. and PJDC International Sdn. Bhd. Accordingly, PJD has a 99% effective equity interest in PJDC Co., Ltd.

Rationale for the Disposals

The rationale for the Disposals is the two subsidiaries have ceased operations and remained dormant since July 2014 and the management have no intention to reactivate the business activities. The disposals provide an opportunity for PJD to focus the related business in Malaysia.

Financial Effects of the Disposals

The Disposals will not have any effect on the issued and paid up share capital and substantial shareholders’ shareholdings of PJD. The Disposals will not have any material effect on the net assets of PJD for the financial year ending 31 December 2016.

Directors’ and Major Shareholders’ Interest

None of the Directors and/or major shareholders of PJD or persons connected to them have any interest, direct or indirect, in the Disposals.

This announcement is dated 30 November 2016.