1. INTRODUCTION
The Board of Directors of EHB ("the Board") wishes to announce that EXSIM Concepto Sdn. Bhd. ("ECSB"), a wholly-owned subsidiary of the Company, had on 30 September 2026 accepted the letter of award dated 21 September 2026 ("LOA") by Taghill Projects Sdn. Bhd. ("TPSB" or "the Contractor") for the supply and installation of aluminum and glazing works at Lot 50003, Off Jalan Taman Tiara 3, Taman Tiara Titiwangsa, Air Panas, Mukim Setapak, Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur ("Sub-Contract Works").
2. INFORMATION ON ECSB
ECSB was incorporated in Malaysia as a private company limited by shares having its registered address at No. D-09-02, Level 9, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.
The nature of business of ECSB is principally involved in providing specialised fit-out services for hospitality property assets, general contracting business and centralised procurement business.
3. INFORMATION ON TPSB
TPSB was incorporated in Malaysia as a private company limited by shares and having its business address at D-21-0, Kinrara Niaga, Jalan BK 5A/2B, Bandar Kinrara, 47180 Puchong, Selangor.
The nature of business of TPSB is undertaking the management of building and construction projects.
4. DETAILS OF THE LOA
(a) The sub-contract sum for the Sub-Contract Works is RM5,400,000.00 (Ringgit Malaysia: Five Million Four Hundred Thousand) only ("Sub-Contract Sum").
(b) The Sub-Contract Works commenced on 1 October 2026 and is scheduled for completion on 4 January 2027, with a duration of three (3) months.
(c) All Sub-Contract Works must be completed on or before the final Date of Completion as determined by the Contractor in accordance with the approved work programme.
(d) The defect liability period shall be Thirty-Six (36) months from the date of the Certificate of Practical Completion.
(e) ECSB shall carry the Sub-Contract Works in accordance with the other supplementary terms and conditions set out in the LOA.
5. FINANCIAL EFFECTS
The acceptance of the LOA by ECSB to undertake the Sub-Contract Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Sub-Contract Works.
6. RISK FACTORS
The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or the Sub-Contract Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur.
7. APPROVAL REQUIRED
The acceptance of the LOA is not subject to the approval from the Company's shareholders and/or any regulatory authorities.
8. DIRECTORS' AND MAJOR SHAREHOLDERS' AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER'S INTERESTS
None of the Directors and/or major shareholders of EHB or persons connected with them has any interests, direct or indirect, in the LOA and/or the Sub-Contract Works.
9. STATEMENT BY THE BOARD OF DIRECTORS
The Board, after having considered all aspects of the LOA and the Sub-Contract Works, is of the opinion that the LOA and the Sub-Contract Works are within the ordinary course of business of EHB and the acceptance of the LOA is in the best interest of the Company.
This announcement is dated 30 September 2026.