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 19 December 2025 awarded the letter of award dated 19 December 2025 (“LOA”) to Sunthesis Sdn. Bhd. (“SSB”) for the supply, fabrication, delivery and installation of interior fit-out works to common area in Lot 103958, Jalan Bukit Jalil Indah 1, Mukim Petaling, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur (Veladaz) for EXSIM Bukit Jalil City Sdn. Bhd. (“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.
3. INFORMATION ON SSB
SSB was incorporated in Malaysia as a private company limited by shares and having its business address at No. 66-2, Jalan Seri Utara 1, Sri Utara, Off Jalan Ipoh, Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.
The nature of business of SSB is principally engaged in building construction contractor, builders, carpenter, general decorator, and building renovation and civil, electrical and mechanical engineering.
The Directors of SSB are Mr. Goh Chun Hiong and Mr. Hoh Mun Keng. Meanwhile, the shareholders of SSB are as follows:-
|
Direct
|
Indirect
|
Shareholders
|
No. of Shares
|
%
|
No. of Shares
|
%
|
EXSIM Holdings Sdn. Bhd.
|
140,625
|
15.00
|
-
|
-
|
Goh Chun Hiong
|
515,625
|
55.00
|
-
|
-
|
Hoh Mun Keng
|
281,250
|
30.00
|
-
|
-
|
Lim Aik Hoe (1)(2)
|
-
|
-
|
140,625
|
15.00
|
Lim Aik Kiat (1)(2)
|
-
|
-
|
140,625
|
15.00
|
Lim Aik Fu (1)(2)
|
-
|
-
|
140,625
|
15.00
|
Notes:
(1) Deemed interested by virtue of their direct shareholdings in EXSIM Holdings Sdn. Bhd. pursuant to Section 8 of the Companies Act 2016 (“the Act”).
(2) Mr. Lim Aik Hoe, Mr. Lim Aik Kiat, and Mr. Lim Aik Fu (collectively, the “Interested Major Shareholders”) are major shareholders of the Company, holding a 70.517% indirect interest in EHB through their direct shareholding in EXSIM Hospitality Holdings Sdn. Bhd., pursuant to Section 8 of the Act.
4. DETAILS OF THE LOA
(a) The sub-contract sum for the Sub-Contract Works is RM 1,653,988.00 (Ringgit Malaysia: One Million Six Hundred Fifty Three Thousand Nine Hundred and Eighty Eight) only (“the Sub-Contract Sum”).
(b) The Sub-Contract Works shall commence on 19 December 2025 and is scheduled for completion on 20 March 2026.
(c) The defects liability period shall commence on the date of completion and end twenty-seven (27) months after the issuance of the Certificate of Practical Completion.
(d) SSB 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 award of the LOA by ECSB to SSB for 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 award and issuance of the LOA by ECSB to SSB 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
The award and issuance of the LOA by ECSB to SSB is regarded as related party transactions of a revenue or trading nature (“RPT”) pursuant to Main Market Listing Requirements of Bursa Malaysia Securities Berhad as Mr. Lim Aik Hoe, Mr. Lim Aik Kiat, and Mr. Lim Aik Fu (collectively, the “Interested Major Shareholders”) holding a 70.517% indirect interest in EHB through their direct shareholding in EXSIM Hospitality Holdings Sdn. Bhd., pursuant to Section 8 of the Act. The Interested Major Shareholders also hold 15% indirect interest in SSB via their direct shareholding in EXSIM Holdings Sdn. Bhd., pursuant to Section 8 of the Act.
Save as disclosed above, none of the Directors, major shareholders of the Company, and/or persons connected to them has any interest, direct or indirect, in the Sub-Contract Works.
9. PERCENTAGE RATIO
The highest percentage ratio applicable pursuant to Paragraph 10.02(g) of the Listing Requirements is 4.89% computed based on the latest audited consolidated financial statements of the Company for the financial year ended 30 June 2025.
10. 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 19 December 2025.
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