Reference is made to our announcements dated 29 December 2023, 29 January 2024, 31 May 2024, 30 October 2024 and 19 March 2026.

The Board of Directors of BKCB wish to inform that its wholly-owned subsidiary, Optimal Property Management Sdn Bhd ("OPM"), had on 20 May 2026 received a request from Universiti Islam Melaka Berhad (formerly known as Kolej Teknologi Islam Melaka Berhad) ("UIMB") for an extension of the Extended Interim Settlement Proposal ("EISP") dated 30 October 2024 for the period from 1 July 2026 to 31 December 2026 ("EISP 1").

Under EISP 1, UIMB has proposed to make payments to OPM totalling RM3.9 million based on the following payment schedule:-

a) RM600,000 per month for the period from July 2026 to September 2026; and

b) RM700,000 per month for the period from October 2026 to December 2026.

Following due deliberation, the Board of Directors of BKCB had, via its letter dated 25 May 2026, agreed in principle to grant EISP 1 subject to, amongst others, the following conditions:-

i) UIMB shall make an offer for the full acquisition of OPM with immediate effect upon completion of the due diligence exercise on OPM, subject to the approval of the Board of Directors of BKCB and/or shareholders' approval at an EGM (if deemed necessary);

ii) An acceptable offer from UIMB must be finalised and agreed upon by both parties on or before 31 July 2026;

iii) The proposed full acquisition of OPM shall be completed through the execution of a Share Sale Agreement on or before 30 September 2026;

iv) In the event that the proposed full acquisition of OPM is not agreed upon, UIMB shall fully settle all outstanding amounts due to OPM as at 31 December 2026 by no later than 15 January 2027;

v) UIMB shall restructure the Availability Charge Rate ("ACR") payment effective from 1 January 2027 onwards providing at all times any such restructuring shall not cause any loss to OPMSB and/or BKCB and is acceptable to MBSB Bank Berhad; and

vi) UIMB shall finalise and execute the Supplementary Agreement in relation to the ACR referred to in paragraph (v) above on or before 30 September 2026.

The Company further wishes to announce that UIMB had, via its letter dated 28 May 2026, acknowledged receipt of BKCB's aforesaid conditions but informed the Company that it was unable to confirm its acceptance thereof pending the convening of its Board meeting for deliberation.

Accordingly, the Board of Directors of BKCB had on 29 May 2026 resolved to conditionally approve EISP 1 and to grant UIMB until 29 June 2026 to formally accept the terms and conditions set out in BKCB's letter dated 25 May 2026.

In the event UIMB fails to formally accept the said terms and conditions by 29 June 2026, EISP 1 shall automatically lapse and be deemed null and void without any further action required by BKCB and/or OPM. In such circumstances, UIMB shall continue to be bound by and shall fully comply with the terms and conditions of the EISP dated 30 October 2024.

The Company will make further announcements as and when there are any material developments in relation to the above matter.

This announcement is dated 29 May 2026.