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 26 February 2026 accepted the letter of appointment dated 24 February 2026 (“LOA”) by Taghill Projects Sdn. Bhd. (“TPSB” or “the Contractor”) for the supply, fabrication, delivery and installation of carpentry works, window treatment and electrical appliances for apartment units on Lot 10, 105, 107, 315 and 316, Gat Lebuh Noordin, Seksyen 11E, Bandar George Town, Daerah Timur Laut, Pulau Pinang for EXSIM Noordin Sdn. Bhd. (“the “Nominated Sub-Contract”) or the (“Nominated 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 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 Nominated Sub-Contract Works is RM9,100,000.00 (Ringgit Malaysia: Nine Million and One Hundred Thousand Only) (“the Nominated Sub-Contract Sum”).

(b) The Nominated Sub-Contract Works commenced on 25 February 2026 and is scheduled for completion on 24 June 2027, with a duration of sixteen (16) months.

(c) All Nominated 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 Twenty-Seven (27) months from the date of the Certificate of Practical Completion. 

(e) ECSB shall carry the Nominated 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 Nominated 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 Nominated 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 Nominated 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 Nominated Sub-Contract Works.

9. STATEMENT BY THE BOARD OF DIRECTORS

The Board, after having considered all aspects of the LOA and the Nominated Sub-Contract Works, is of the opinion that the LOA and the Nominated 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 26 February 2026.