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 16 January 2026 accepted the work order dated 15 January 2026 (“WO”) awarded by EXSIM Kebun Teh Sdn. Bhd. (“EKTSB”) for the renovation, interior design & build works for Kebun Teh phase 2 Sales Gallery and show unit at Level 10 Plaza Pelangi, Johor (“the 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 EKTSB

EKTSB was incorporated in Malaysia as a private company limited by shares and having its business address at D-35-01, Level 35, 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 EKTSB is principally involved in carrying the business of builders and contractors of and for all buildings, and works of any kind and among other things to construct, execute, carry out, equip, improve works, develop, administer, maintain, manage or control in Malaysia and elsewhere private works and dwelling houses of all kinds.

4. DETAILS OF THE WO

(a) The contract sum for the Contract Works is RM2,365,261.92 (Ringgit Malaysia: Two Million Three Hundred Sixty Five Thousand Two Hundred Sixty-One and Ninety Two Cents) only (“the Contract Sum”).

(b) The date of commencement will be determined by EKTSB and Contract Works duration shall be within three (3) months. 

(c) The defect liability period shall be twelve (12) months from the date of completion. 

(d) ECSB shall carry the Contract Works in accordance with the other supplementary terms and conditions set out in the WO.

5. FINANCIAL EFFECTS 

The acceptance of the WO by ECSB to undertake the 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 Contract Works.

6. RISK FACTORS

The Company does not foresee any exceptional risk other than the normal operational risks associated with the WO and/or the 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 WO 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 Contract Works is regarded as recurrent related party transactions of a revenue or trading nature (“RRPT”) pursuant to Main Market Listing Requirements of Bursa Malaysia Securities Berhad of which renewal mandate to enter into such RRPT had been obtained from its shareholders at the Annual General Meeting of the Company held on 27 November 2025. 

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 72.56% indirect interest in EHB through their direct shareholding in EXSIM Hospitality Holdings Sdn. Bhd., pursuant to Section 8 of the Companies Act 2016.

Mr. Lim Aik Hoe and Mr. Lim Aik Kiat are also directors of EKTSB. The Interested Major Shareholders hold 76.67% indirect interest in EKTSB via their direct shareholding in EXSIM Development Sdn. Bhd., pursuant to Section 8 of the Companies Act 2016.

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 Contract Works.

9. STATEMENT BY THE BOARD OF DIRECTORS

The Board, after having considered all aspects of the WO and the Contract Works, is of the opinion that the WO and the Contract Works are within the ordinary course of business of EHB and the acceptance of the WO is in the best interest of the Company.

This announcement is dated 16 January 2026.