Pursuant to Paragraph 9.19 (46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Chuan Huat Resources Berhad (“CHRB” or the “Company”), wishes to announce that CHRB and its subsidiary companies (the “Group”) had undertaken an updated valuation exercise (“Updated Valuation”) on the Group’s Investment Property (“IPs”). The Updated Valuation is not subject to approval of any regulatory authorities.

The Board of Directors of CHRB had on 29 August 2024 approved the incorporation of fair value gain in the unaudited financial statement of CHRB for the fourth quarter ended 30 June 2024.

PURPOSE The Updated Valuation was carried out to measure the fair value of the Group’s IPs in accordance with the Group’s accounting policy and in compliance with the Malaysian Financial Reporting Standards (“MFRS”) 140 for measurement of fair value of IPs.

FAIR VALUE GAIN The details of the Updated Valuation and fair value gain/(loss) are set out in the Appendix A attached herein. The Updated Valuation was carried out by a registered valuer, Raine & Horne International Zaki + Partners Sdn. Bhd.

At the consolidated level, a fair value gain of RM0.470 million has been incorporated into the unaudited financial statement of CHRB for the fourth quarter ended 30 June 2024.

The consolidated net assets value per share of CHRB arising from the fair value gain based on the unaudited results of the Group will increase by RM0.003 in the fourth quarter ended 30 June 2024. Copies of the Updated Valuation Reports are available for inspection at the registered office of CHRB at Wisma Lim Kim Chuan, Lot 50A Jalan 1/89B, 3½ mile off Jalan Sungai Besi, 57100 KUALA LUMPUR during normal business hours on a working day for a period of three (3) months from the date of this announcement.

The announcement is dated 29 August 2024.