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 17 April 2026 accepted the letter of award dated 15 April 2026 ("LOA") awarded by Binastra Builders Sdn. Bhd. ("BBSB") to undertake various nominated sub-contract works, comprising mechanical, electrical and plumbing systems, interior design and architecture works, as well as other associated building services works ("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 BBSB
BBSB was incorporated in Malaysia as a private company limited by shares and having its business address at No. 1 & 3, Jalan Jalil Jaya 3, Jalil Link, Bukit Jalil, 57000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.
The nature of business of BBSB is General Contractor and Property Developer.
4. DETAILS OF THE LOA
The sub-contract sum for the Nominated Sub-Contract Works is RM138,000,000.00 (Ringgit Malaysia: One Hundred Thirty-Eight Million) only ("Sub-Contract Sum").
The Main Contract commenced on 29 September 2025 and is scheduled for completion on 28 February 2029, with a duration of forty-one (41) months. ECSB shall carry out the Nominated Sub-Contract Works in accordance with the Main Contract Programme prepared by BBSB.
The defects liability period shall be Twenty-Seven (27) months commencing from the date of Certificate of Practical Completion of completed works or until all defects are made good whichever is the later.
ECSB shall carry out 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 of 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, having considered all aspects of the LOA, is of the opinion that the acceptance of the LOA is in the best interest of the Company.
This announcement is dated 17 April 2026.