The Board of Directors of the Company wishes to announce that the Company (“the Old Developer”), Sentoria Harta Sdn. Bhd., a wholly-owned subsidiary of the Company (“SHSB”) and Hartanah Masteron Sinar Suria Sdn. Bhd. (“the New Developer”), had on 29 January 2026 entered into a Project Takeover Agreement (“Agreement”) whereby the Old Developer and SHSB are unable to complete the development project and the New Developer shall assume and take over all rights, interests, benefits, title, entitlements, roles, obligations and responsibilities of the Old Developer and that the settlement of the Debt, subject to the terms and conditions as stipulated in the Agreement.

Please refer to the attached document for further details.

This announcement is dated 29 January 2026.