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 8 October 2026 accepted the letter of award dated 6 October 2026 ("LOA") awarded by Nestcon Builders Sdn. Bhd. ("NBSB") for supply and installation of building services and general building works ("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 NBSB
NBSB was incorporated in Malaysia as a private company limited by shares and having its business address at 2-10, Jalan Kenari 13B, Bandar Puchong Jaya, 47170 Puchong, Selangor.
The nature of business of NBSB is construction works and provision of licensed vehicle operator and transportation agent services.
4. DETAILS OF THE LOA
(a) The sub-contract sum for the Sub-Contract Works is RM15,620,224.20 (Ringgit Malaysia: Fifteen Million Six Hundred Twenty Thousand Two Hundred Twenty-Four and Twenty Cents) only ("the Sub-Contract Sum").
(b) The date of commencement shall be on 8 October 2026 and is scheduled for completion on 31 October 2028, with a duration of twenty-four (24) months.
(c) The defects liability period shall be Twenty-Seven (27) months commencing from the date of Certificate of Practical Completion of completed works.
(d) ECSB shall carry out 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 8 October 2026.